The Mont Pèlerin Society had begun as an “ecumenical” undertaking, bringing together purebred liberals of the classical tradition and neoliberals, who endorsed interventionist schemes to one degree or another. From the beginning, Mises had been skeptical about the ecumenical concept, but for the first five or six years his apprehensions seemed unwarranted, even though the organization of all Mont Pèlerin activities lay in the hands of a devout neoliberal: Albert Hunold from Switzerland, whom Mises had first met at the 1928 Zurich meeting of the Verein für Sozialpolitik.

[Day 13 of Robert Wenzel’s 30-day reading list that will lead you to become a knowledgeable libertarian, this article is excerpted from The Logic of Action One: Method, Money, and the Austrian School (Cheltenham, UK: Edward Elgar, 1997), pp. 58–77. It appeared on LewRockwell.com

In the modern world, a country’s natural resources have very little to do whether goods are on the nation’s shelves for people to buy. Singapore isn’t rich in resources, neither is Hong Kong, but both have vibrant market economies and shoppers can find whatever their collective heart’s desire on the shelves of stores in these two cities.

Belgium is not only the host country to the central planners from the European Commission in Brussels. It is also the land of great charming historical commercial towns such as Bruges, Antwerp, and Gent.

The Fed, having gone on an unprecedented credit expansion spree, has benefited the recipients who were first in line at the trough: banks (imagine borrowing for free and then buying up assets that you know the Fed is aggressively buying wit

In his magnificent Classical Liberalism and the Austrian School, Ralph Raico recently stressed that there never has been any such thing as “classical” liberalism. There was and is only liberalism, an intellectual movement centred around the notion that society is working by itself and does not need to be supported, or reigned in, by coercive government.