Last Knight Live Blog 12 Kraus

We write the year 1919. The lost war and the hardships that followed only intensified the process of political and economic disintegrations of the once mighty Austria-Hungarian Empire. Hopeless economic conditions contributed to greater, not less, tensions between nationalities, culminating in a total politico-territorial break-up, with entire nations seceding and building their own new states and cultural identities.

Misesian Economics in Truly Private Schools

State interference in education usurps the child’s rights and displaces the custodial role of the parents in exercising those rights. That the state would seize the custodial rights from the parents demonstrates that it has its own interests in mind. The state must resort to force because neither the child nor the parents want the natural arrangement to be overturned. Because the state rests on compulsion its activity extinguishes the very basis for the development of the personalities of children, which is freedom.

Warren Buffett Has An Austrian Economics Moment

Remember that Citigroup, Bank of America Corp. and JPMorgan Chase & Co. have formed a superfund to bail out troubled structured investment vehicles (SIV). The US Treasury Department and Henry Paulson “back” this plan. What it amounts to is another move on the part of the Wall Street-government partnership to garner market “confidence,” salvage credit markets, and bail out the banks.

LVMI on Wikipedia

I am quite impressed with the article on the Mises Institute on Wikipedia. It has come into its own in recent months and does a great job of detailing the extent of the work done at 518 West Magnolia Avenue, Auburn, AL. I also enjoyed the interview with Lew Rockwell that the article links to where he reveals that on his twelfth birthday a friend of his father’s gave him Henry Hazlitt’s Economics in One Lesson and thus his future was set in stone. 12?