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While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law. Ludwig von Mises, however, knew that the welfare state is the ubiquitous slippery slope.

Chris Edwards Climate change may increase the frequency of hurricanes that batter coastal regions. In discussing renewable energy and climate change the other day, the Wall Street Journal reported: “Sticking with fossil fuels risks worsening countries’ vulnerability to climate change. The Philippines—which plans to use more gas