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Mises's Ideas Desperately Needed

Kurt Schuler at Free Banking has a nice post, Mises-Grinder Combo, where he highlights Walter Grinder’s remembrance of Mises: A nice read about brief interaction of two leaders of the liberty movement. After mentioning a recent email from Walter, who just turned 75 Kurt writes Walter modestly did not mention a remembrance he himself wrote less than a year after Mises died. I just came across it yesterday. It is noteworthy in particular for these prophetic sentences:
In fact, signs around us make it seem likely that Mises' influence will be stronger in years to come than it ever was during his lifetime. Both the present frightening objective conditions and the current subjective malaise make it clear that Ludwig von Mises' ideas are more desperately needed now than at any time since the Great Depression of the 1930's. One thing is certain, if the international market system as it has developed over the past 200 years is to survive, then the ideas of Mises must be understood and implemented. The alternative is far too horribly regressive to contemplate.
We are again at a crossroads where the alternative "far too horribly regressive to contemplate" is again rearing its ugly head. The ideas of Mises the Austrain are more alive now, than then and even more urgently neded. Do all you can to spread these timeless ideas.

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

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