Dr. Thornton, scholar and prophet, speaks at the latest Mises Institute conference at Auburn Univeristy.
“Either Washington DC and the politicians that we send there are evil and plan to resort to a hyperinflation in order to pay for this mess or are they are collectively as dumb as a sack of horse manure.”
The 2008 Mises Institute Supporters Summit
The Gold Standard Revisited
This past weekend was a chance for many of the Mises Institute’s supporters to get together, get familiar, and get updated on the Austrian tradition’s interpretation of recent events. The focus of this weekend seminar was on the gold standard, and the increasingly desperate need for sound money in today’s fiat fiasco of an economy. Speakers, local and international, delivered the message of monetary sanity to the supporters and students in attendance, as well as those who tuned in around the world via Mises.org. Talks were given by many of today’s
From an email by Professor Mark Thornton:
Some might find this useful. Misesian economics goes a long ways! -
The Real Reason for FDR’s Popularity
All presidents worry about their popularity. They try to bolster it through impassioned rhetoric, free stuff for influential voting blocs, new programs that cost billions, dramatic photo ops, and of course wars to unite the country behind their valiant leadership. In most all cases, they choose means of gaining popularity that come at the expense of liberty.
But what if a president took a different direction and sought popularity by expanding rather than reducing liberty? There is a model here they could follow but it is not one you have thought of.
It is Franklin D. Roosevelt. In his first 30 days, he did more to bring liberty to Americans than any president since Thomas Jefferson repealed the Alien and Sedition Acts.
Roosevelt was inaugurated on March 4, 1933. After dealing with the banking crisis and the budget during his first week on the job, on March 13 he called on Congress to repeal Prohibition. On March 23, he signed the Cullen-Harrison Act, which legalized the sale in the United States of beer with an alcohol content of 3.2 percent.
He wasted no time: he signed it one day after Congress passed it. He said with great élan, “I think this would be a good time for a beer.”
Only then, on March 16, did FDR begin to work on his New Deal agenda. Then he had the wind at his back. It was a dramatic beginning to the end of one of the greatest legal calamities in American history: the hated Prohibition embodied in the 18th Amendment, which had been in effect for 13 violent years.