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Friday, December 30, 2011
Quote of the day
From Mises: The Last Knight of Liberalism: In the interwar period, the large Austrian banks had consciously sought to win economists of Schumpeter's standing as front men to reassure their creditors from abroad. They had also asked Mises for support several times, but he always rejected these proposals because he thought the commercial banks were all bankrupt. This was not a pose. He had in fact always kept his personal account with Austria's postal savings bank.
posted by David Farrer at 09:08
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