William Faulkner (1897–1962) was the third American to receive the Nobel Prize in literature. This was in 1949 and came after many years of novel writing, beginning with "The Marble Faun" in 1924. Most of Faulkner's works are set in his native state of Mississippi. He is considered one of the most important Southern writers along with Mark Twain, Robert Penn Warren, Flannery O'Connor, Truman Capote, Eudora Welty, and Tennessee Williams.
Ludwig von Mises: "If one wants to study the reasons for Europes backwardness, it would be necessary to examine the manifold laws and regulations that prevented in Europe the establishment of an equivalent of the American drug store and crippled the evolution of chain stores, department stores, super markets and kindred outfits." - Planning for Freedom