Hayek in the Globe and Mail

Throughout the economic crisis the ideas of F.A. Hayek have been completely ignored. Proponents of the Austrian School of Economics barely even got a whisper into the public debate around how government should react. Anyone who did speak out against stimulus plans, citing Hayek, were dismissed as loonies.

A Globe and Mail column points out that Hayek’s ideas are finally on the rise. Furthermore the Globe and Mail predicts that Hayek and his perspective will be a major theme in 2011.

That is the Globe and Mail.

Not the National Post.

Not the Calgary Herald.

But the freaking Globe and Mail.

If even the middle of the road G&M is giving credence to Austrian perspectives then perhaps Keynes has not had the last laugh yet. With the global economy collapsing in debt, perhaps now is the time that people are ready to listen to alternatives.