“A modern liberal-libertarian strategy of secession should take its cues from the European Middle Ages when, from about the twelfth until well into the seventeenth century (with the emergence of the modern central state), Europe was characterized by the existence of hundreds of free and independent cities, interspersed into a predominantly feudal social structure.  By choosing this model and striving to create a U.S.

Recently Circle Bastiat members Peter Klein and Jeffrey Herbener testified before Ron Paul and other congressmen. This Thursday, Joseph Salerno and John Cochran will also testify, as well as Lawrence White.

Some lovely Austro-libertarian poems by Andrew Criscione:

The Subjective Value Theorem

I trade A for B and, see,

This means B is good for me

And if A’s not good for you

You would not be trading, too

And because you trade with me

“Good” exists subjectively

I might value B o’er A

You think just the other way

The Calculation Problem

If I can build a hammer for a dollar

Or I can build the same one for five

On 18 June 2012, I succeeded in placing an article on the centennial publication of Ludwig von Mises’s “Die Theorie des Geldes und der Umlaufsmittel” (”The Theory of Money and Credit”) in the Frankfurter Allgemeine Zeitung (F.A.Z.), one of the more widely read newspapers in the German speaking world.

“The basis of modern economics is the cognition that it is precisely the disparity in the value attached to the objects exchanged that results in their being exchanged.  People buy and sell only because they appraise the things given up less than those received.  Thus the notion of a measurement of value is vain.  An act of exchange is neither preceded nor accompanied by any process which could be called a measuring of value.”

—Ludwig von Mises, Human Action: A Treatise on Economics

Gitta Serény, Mises’ stepdaughter, who recently passed, is mentioned in several places in Jörg Guido Hülsmann’s biography of Mises.  At one point, for a while, Mises and his wife were desperate to know whether Gitta escaped from Nazi-occupied France.  Here Hülsmann discusses Gitta’s memory of Mises’ love for music.