Biographies

"The default position of the world is despotism. In the sweep of things, liberty is the exception."

John Calvin's social and economic views closely parallel Luther's, and there is no point in repeating them here. There are only two main areas of difference: their views on usury, and on the concept of the "calling."

Ultimately, he and the woman are caught, imprisoned, and tortured. In the end, he is sincerely repentant of his crimes and is completely devoted to the all-encompassing government that has done him all this harm.

"In Thomist thought, reason and empiricism are not separated but allied and interwoven. Truth is built up by reason on a solid groundwork in empirically known reality. The rational and empirical were integrated into one coherent whole."

Americans had no overall plan. They had something more important. They had personal freedom to plan their own affairs; and the avalanche of human energy resulting from that freedom swept from the Atlantic to the Pacific, from the Great Lakes to the Rio Grande.

Obama's White House Office of Information and Regulatory Affairs is run by Cass Sunstein. Sunstein and Vermeule's paper on conspiracies theories, e.g. JFK, TWA 800, global warming fraud, MLK killed by feds,concludes that some theories create problems for government to solve.

Recorded on 27 July 1975.

Autodidactic influential libertarian, Isabel Paterson is best known for The God of the Machine (1943). Ayn Rand contributed ideas to it but continued to learn from Paterson both politics and history. Rand rescued the book and promoted it.

Briefly, the importance of the Hayek theory of the business cycle is that it puts the blame for the boom-bust cycle squarely on the shoulders of the government and its controlled banking system, and, for the first time since the classical economists of the 19th century, completely absolves the free-enterprise economy from the blame.

In the course of lengthy arguing against hidden usury in various forms of contracts, the brilliant mind of San Bernardino stumbles, for one of the first times in history, upon what later would be called 'time-preference'.