So, all those years of studying the Austrian School of Economics are now being vindicated
. The events in the world's stock markets are no surprise to some of us. I met and photographed Hayek and once drove Murray Rothbard
to a meeting at the home of John Blundell, now head of the Institute of Ecomomic Affairs
. I suspect that the political classes will make all the usual errors when what is needed is a radical reduction of state power and spending and, above all, a return to a real monetary system not based on paper.