Ernest Borgnine, who died yesterday, said this in an interview in 1998 (h/t Justin Ptak):

Estonia is home to the latest Mises Institute (mises.ee).

From Paul Vahur, executive director, of Mises Institute Estonia:

We are glad to announce about the creation of Mises Institute Estonia (in Estonian: Misese Instituut). The founders were 10 members of Mises Circle Tallinn which was created in 2009. Mises Institute Estonia is politically independent and funded only by private donations.

“The theory involves a conceptual conflation of democracy and liberty (freedom) that can only be called scandalous, especially coming from self-proclaimed libertarians.  The foundation and cornerstone of liberty is the institution of private property; and private—exclusive—property is logically incompatible with democracy—majority rule.  Democracy has nothing to do with freedom.  Democracy is a soft variant of communism....the doctrine of democratic peace, which goes back to the days of Woodrow Wilson and World War I, has been revived in recent years b

[This is a revised version of written testimony submitted to the the Subcommittee on Domestic Monetary Policy and Technology of the Committee on Financial Services, US House of Representatives, “Fractional Reserve Banking and Central Banking as Sources of Economic Instability: The Sound Money Alternative,” June 28, 2012.]

Chairman Paul and members of the subcommittee, I am deeply honored to appear before you to testify on the topic of fractional-reserve banking. Thank you for your invitation and attention.

The ECB has once again come to the rescue by cutting interest rates in order to forestall a collapse of the European economy. Also, in a “surprise” move, the Chinese central bank cut interest rates in response to a continuing slow down in economic activity.

“By such words, Hydarnes, you give us no good counsel,” replied the Lacedaemonians, “because you have experienced merely the advantage of which you speak; you do not know the privilege we enjoy.  You have the honor of the king’s favor; but you know nothing about liberty, what relish it has and how sweet it is.  For if you had any knowledge of it, you yourself would advise us to defend it, not with lance and shield, but with our very teeth and nails.”

[Universally Preferable Behavior: A Rational Proof for Secular Ethics • By Stefan Molyneux • Freedomain Library, 2007 • 134 pages1 ]
 

I was in Washington on what was an historic day, June 28, 2012 to testify at Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U. S. House of Representatives, chaired by Congressman Ron Paul. While it would be nice to think the day was historic because Dr. Paul was continuing his informational hearings focusing on a return to sound money, other events were perhaps more important to most Americans.

Oral Argument at Hearing entitled “Fractional Reserve Banking and the Federal Reserve: The Economic Consequences of High-Powered Money” Thursday, June 28, 2012
Domestic Monetary Policy and Technology by John P. Cochran. Full testimony and video of proceeding at http://www.financialservices.house.gov/Calendar/EventSingle.aspx?EventID=300542 .