It is well documented that Prince Philip’s sister, Sophia, was married to Christopher of Hesse-Cassel, an SS colonel who named his eldest son Karl Adolf in Hitler’s honour. Indeed, all four of Philip’s sisters married high-ranking Nazis. The prospect of the former Nazis and Nazi sympathisers attending his 1947 wedding to the future Queen of England meant he was allowed to invite only two guests.
Two years ago, more revelations of Philip’s Nazi links emerged in a book that featured never before published photographs of Philip aged 16 at the 1937 funeral of his elder sister Cecile, flanked by relatives in SS and Brownshirt uniforms.
Another picture shows his youngest sister, Sophia, sitting opposite Hitler at the wedding of Hermann and Emmy Goering. Philip was forced to concede that his family found Hitler’s attempts to restore Germany’s power and prestige ‘attractive’ and admitted they had ‘inhibitions about the Jews’.
Philip also helped start the World Wildlife Fund in 1961 with former Nazi SS Officer Prince Bernhard of the Netherlands, who is closely affiliated with the founders of the Bilderberg international power group, and Sir Julian Huxley, Aldous Huxley’s brother, who was also the President of the British Eugenics Society.
The entire article is from Ref. http://www.infowars.com/modern-british-royalty-eugenicists-nazis-and-neo-feudalists/
Tuesday, April 26, 2011
Christian Reconstruction Overview
This is the best description of the tenets of Christian Reconstruction, as espoused by Dr. R. J. Rushdoony, is found in his "Christian Manifesto".
"In any advanced social order, social financing is a major public necessity. The social order cannot exist without a vast network of social institutions which require financing and support. If a Christian concept of social financing is lacking, then the state moves in quickly to supply the lack and gain the social control which results. Social financing means social power."3
1. R. J. Rushdoony, Chalcedon Report No. 225, “A Christian Manifesto,” April 1984 (c.f., Roots of Reconstruction, p. 1114f).
2. This is not to suggest that Rushdoony endorsed simply replacing “bad men” with “godly men” at the top of a state-run society. Rushdoony’s concept of theocracy was not a centralized form of power in the hands of clerical leaders. He wrote, “Few things are more commonly misunderstood than the nature and meaning of theocracy. It is commonly assumed to be a dictatorial rule by self-appointed men who claim to rule for God. In reality, theocracy in Biblical law is the closest thing to a radical libertarianism that can be had” (Roots of Reconstruction, p. 63).
3. R. J. Rushdoony, Roots of Reconstruction (Vallecito, CA: Ross House Books, 1991), 605.
From: http://chalcedon.edu/topics/christian-reconstruction/
- Sovereignty is an attribute of God alone, not of man nor the state. God alone is Lord or Sovereign over all things; over state, school, family, vocations, society and all things else.
- The Bible is given as the common law of men and nations and was for most of U. S. History the common law, as Justice Story declared.
- Salvation is not by politics, education, the church, or any agency or person other than Jesus Christ our Lord.
- The myth of Machiavelli, that, by state control at the top, bad men can make a good society is at the root of our cultural crisis and growing collapse. A good omelet cannot be made with bad eggs. Truly redeemed men are necessary for a good society.2
- Civil rulers who rule without the Lord and His law word are, as Augustine said, no different than a mafia, only more powerful.
- The state is not the government, but one form of government among many, others being the self-government of the Christian man, the family, the school, the church, vocations and society. The state is civil government, a ministry of justice.
- For the state to equate itself with government is tyranny and evil.
- The Christian man is the only true free man in all the world, and he is called to exercise dominion over all the earth.
- Humanism is the way of death and is the essence of original sin, or man trying to be his own god.
- All men, things, and institutions must serve God, or be judged by Him.
"In any advanced social order, social financing is a major public necessity. The social order cannot exist without a vast network of social institutions which require financing and support. If a Christian concept of social financing is lacking, then the state moves in quickly to supply the lack and gain the social control which results. Social financing means social power."3
1. R. J. Rushdoony, Chalcedon Report No. 225, “A Christian Manifesto,” April 1984 (c.f., Roots of Reconstruction, p. 1114f).
2. This is not to suggest that Rushdoony endorsed simply replacing “bad men” with “godly men” at the top of a state-run society. Rushdoony’s concept of theocracy was not a centralized form of power in the hands of clerical leaders. He wrote, “Few things are more commonly misunderstood than the nature and meaning of theocracy. It is commonly assumed to be a dictatorial rule by self-appointed men who claim to rule for God. In reality, theocracy in Biblical law is the closest thing to a radical libertarianism that can be had” (Roots of Reconstruction, p. 63).
3. R. J. Rushdoony, Roots of Reconstruction (Vallecito, CA: Ross House Books, 1991), 605.
From: http://chalcedon.edu/topics/christian-reconstruction/
Wednesday, April 13, 2011
The Regulative Principle of Family
The Regulative Principle of Family
by Lisa Moyer, Home School Graduate from Geneva Illinois
April 12, 2011
The regulative principle is most often applied to formal worship. It is used to determine the format of church services, allowing only those things that God has authorized for worship, including prayer, reading of the Word, preaching, singing, and the sacraments. The regulative principle is in essence a call for “sola Scriptura,” or Scripture alone. It defends the Bible as complete and authoritative. In the same way water is everything needed to quench thirst, so God's Word is all that is needed for godly life and righteousness. “All Scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness, that the man of God may be complete, thoroughly equipped for every good work” (II Timothy 3:16-17, NKJV). The regulative principle applies to the family in a significant way. It is important to understand what the regulative principle is, how it applies to family, and the impacts of this application.
The Bible, and what can be deduced from its principles, is to regulate our lives. It even gives instruction for how to carry out seemingly neutral activities. The law which God provides in the Bible is comprehensive, lacking no clarity or thoroughness. No bright idea from mankind can in any way enhance or add to His completely sufficient statutes. Dr. Joe Morecraft writes, “Biblical law is so perfect and comprehensive...that any alteration, supplementation, or amendment of would be an arrogant assault by sinful man on the majestic sovereignty of the triune God” (Morecraft, 79).
The “alteration” Morecraft refers to can be adding regulations to the Bible or excluding parts of Scripture from application. Although worship is often regulated by more specific regulations in the Bible, all of life is to be lived according to His principles. The heart and foundation of the regulative principle, that Scripture must not be added to or taken from, applies to everything. Because this is its core, it is a principle that effects all areas of life and institutions, including the family.
The “regulative principle of family” is especially significant as the family is the foundational unit of society. Thomas Manton noted the significance of the family:
“Religion was first hatched in families, and there the devil seeketh to crush it; the families of the Patriarchs were all the Churches God had in the world for the time; and therefore, (I suppose,) when Cain went out from Adam's family, he is said to go out from the face of the Lord, Gen. 4:16. Now, the devil knoweth that this is a blow at the root, and a ready way to prevent the succession of Churches: if he can subvert families, other societies and communities will not long flourish and subsist with any power and vigor; for there is the stock from whence they are supplied both for the present and future” (Manton).
The ways this application takes effect are numerous, but one of the most foundational is that of training children. Scripture contains all the instructions needed for raising a family and educating children. Of course, this is not to say that no textbooks are needed for learning math or that work experience is not helpful for building character. For example, rather than the idea that the Bible teaches the historical events that occurred in 1861, it is the concept that God has revealed how we are to view, interpret, and respond to history. God has showed that the education of children is a responsibility delegated to parents. In the same way that God's worship has never been delegated to human authority, so the training of sons and daughters has never been delegated to any institution outside the family.
The book of Proverbs illustrates the instruction and wisdom that passes from a father directly to his children. “Hear, my children, the instruction of a father, and give attention to know understanding” (Proverbs 4:1). In Deuteronomy 4:10, the Lord says: “Gather the people to Me, and I will let them hear My words, that they may learn to fear Me all the days they live on the earth, and that they may teach their children.” He says again, “And these words which I command you today shall be in your heart. You shall teach them diligently to your children, and shall talk of them when you sit in your house, when you walk by the way, when you lie down, and when you rise up” (Deuteronomy 6:6). To apply the heart of the regulative principle to the training of children is to not add to or take away from the clear responsibility given to parents for their children's training.
The impacts of applying the regulative principle to families and the discipleship of sons and daughters are significant. The way a child is educated influences their entire life, especially the religious perspective their education takes on. Robert Booth commented, “It is not a matter of whether our children will be taught religion in school; it is only a matter of which religion they will be taught.” Rather than taking away from the Word of God by transferring the distinctly religious education of children to the state, God's revelation shows that mothers and fathers are given the role of their children's education.
Parents are to ensure that their children receive a Biblical worldview, knowledge of God, and the truth of the Scriptures. While outside mentors, teachers, or resources may be helpful in assisting the development of understanding in children, the responsibility continues to rest on the mother and father. To expect an age-segregated children's Sunday school class, for instance, to teach one's son all he needs to know about the Bible and how it is to be lived out, would be shifting the role of parent to a Sunday school teacher. Since God has never presented a teacher with the obligation He gives to parents, it would be altering His Word to make that transfer ourselves. Parents are to be involved in teaching their children truths of Scripture.
Another implication is that education would involve discipleship. Noah Webster's 1828 Dictionary defines “disciple” as, “To teach; to train, or bring up.” As God has given parents the role of teaching their children the Lord's commands, education involves more than a memorization of facts. It is an unceasing passing on of the Christian faith (Deuteronomy 4). This affects the religious perspective that children are educated with. Scott Brown writes, “[John] Calvin recognized the supreme importance of the father's role in the discipleship of children... In contrast to our own age where parents are content to systematically outsource their children's education, Calvin knew that it was the primary responsibility of the home” (Brown, 179). More than a knowledge of subject matter, the Lord requires that parents teach their children to “keep His statutes and His commandments which I command you today, that it may go well with you and with your children after you” (Deuteronomy 4:40). Discipleship, or training in God’s Word, is a necessary part of education.
Although the regulative principle is typically applied to worship only, the regulative principle in essence is to not take away from or add to God's Word. It is a principle that calls us to look to God’s Word alone for how we are to live our lives. The impact it has when applied to the family is important as it addresses the responsibility for education. Greg Price wrote, ”Is God’s Word adequate and complete in giving to man all that man needs to know as to how he must please God? Absolutely...” The Bible shows us everything we need to live a life pleasing to Him, which includes the responsibility of education.
Works Cited
Booth, Robert. "Schools are Religious." Center for Reformed Theology and Apologetics. 31 Mar 2011.
by Lisa Moyer, Home School Graduate from Geneva Illinois
April 12, 2011
The regulative principle is most often applied to formal worship. It is used to determine the format of church services, allowing only those things that God has authorized for worship, including prayer, reading of the Word, preaching, singing, and the sacraments. The regulative principle is in essence a call for “sola Scriptura,” or Scripture alone. It defends the Bible as complete and authoritative. In the same way water is everything needed to quench thirst, so God's Word is all that is needed for godly life and righteousness. “All Scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness, that the man of God may be complete, thoroughly equipped for every good work” (II Timothy 3:16-17, NKJV). The regulative principle applies to the family in a significant way. It is important to understand what the regulative principle is, how it applies to family, and the impacts of this application.
The Bible, and what can be deduced from its principles, is to regulate our lives. It even gives instruction for how to carry out seemingly neutral activities. The law which God provides in the Bible is comprehensive, lacking no clarity or thoroughness. No bright idea from mankind can in any way enhance or add to His completely sufficient statutes. Dr. Joe Morecraft writes, “Biblical law is so perfect and comprehensive...that any alteration, supplementation, or amendment of would be an arrogant assault by sinful man on the majestic sovereignty of the triune God” (Morecraft, 79).
The “alteration” Morecraft refers to can be adding regulations to the Bible or excluding parts of Scripture from application. Although worship is often regulated by more specific regulations in the Bible, all of life is to be lived according to His principles. The heart and foundation of the regulative principle, that Scripture must not be added to or taken from, applies to everything. Because this is its core, it is a principle that effects all areas of life and institutions, including the family.
The “regulative principle of family” is especially significant as the family is the foundational unit of society. Thomas Manton noted the significance of the family:
“Religion was first hatched in families, and there the devil seeketh to crush it; the families of the Patriarchs were all the Churches God had in the world for the time; and therefore, (I suppose,) when Cain went out from Adam's family, he is said to go out from the face of the Lord, Gen. 4:16. Now, the devil knoweth that this is a blow at the root, and a ready way to prevent the succession of Churches: if he can subvert families, other societies and communities will not long flourish and subsist with any power and vigor; for there is the stock from whence they are supplied both for the present and future” (Manton).
The ways this application takes effect are numerous, but one of the most foundational is that of training children. Scripture contains all the instructions needed for raising a family and educating children. Of course, this is not to say that no textbooks are needed for learning math or that work experience is not helpful for building character. For example, rather than the idea that the Bible teaches the historical events that occurred in 1861, it is the concept that God has revealed how we are to view, interpret, and respond to history. God has showed that the education of children is a responsibility delegated to parents. In the same way that God's worship has never been delegated to human authority, so the training of sons and daughters has never been delegated to any institution outside the family.
The book of Proverbs illustrates the instruction and wisdom that passes from a father directly to his children. “Hear, my children, the instruction of a father, and give attention to know understanding” (Proverbs 4:1). In Deuteronomy 4:10, the Lord says: “Gather the people to Me, and I will let them hear My words, that they may learn to fear Me all the days they live on the earth, and that they may teach their children.” He says again, “And these words which I command you today shall be in your heart. You shall teach them diligently to your children, and shall talk of them when you sit in your house, when you walk by the way, when you lie down, and when you rise up” (Deuteronomy 6:6). To apply the heart of the regulative principle to the training of children is to not add to or take away from the clear responsibility given to parents for their children's training.
The impacts of applying the regulative principle to families and the discipleship of sons and daughters are significant. The way a child is educated influences their entire life, especially the religious perspective their education takes on. Robert Booth commented, “It is not a matter of whether our children will be taught religion in school; it is only a matter of which religion they will be taught.” Rather than taking away from the Word of God by transferring the distinctly religious education of children to the state, God's revelation shows that mothers and fathers are given the role of their children's education.
Parents are to ensure that their children receive a Biblical worldview, knowledge of God, and the truth of the Scriptures. While outside mentors, teachers, or resources may be helpful in assisting the development of understanding in children, the responsibility continues to rest on the mother and father. To expect an age-segregated children's Sunday school class, for instance, to teach one's son all he needs to know about the Bible and how it is to be lived out, would be shifting the role of parent to a Sunday school teacher. Since God has never presented a teacher with the obligation He gives to parents, it would be altering His Word to make that transfer ourselves. Parents are to be involved in teaching their children truths of Scripture.
Another implication is that education would involve discipleship. Noah Webster's 1828 Dictionary defines “disciple” as, “To teach; to train, or bring up.” As God has given parents the role of teaching their children the Lord's commands, education involves more than a memorization of facts. It is an unceasing passing on of the Christian faith (Deuteronomy 4). This affects the religious perspective that children are educated with. Scott Brown writes, “[John] Calvin recognized the supreme importance of the father's role in the discipleship of children... In contrast to our own age where parents are content to systematically outsource their children's education, Calvin knew that it was the primary responsibility of the home” (Brown, 179). More than a knowledge of subject matter, the Lord requires that parents teach their children to “keep His statutes and His commandments which I command you today, that it may go well with you and with your children after you” (Deuteronomy 4:40). Discipleship, or training in God’s Word, is a necessary part of education.
Although the regulative principle is typically applied to worship only, the regulative principle in essence is to not take away from or add to God's Word. It is a principle that calls us to look to God’s Word alone for how we are to live our lives. The impact it has when applied to the family is important as it addresses the responsibility for education. Greg Price wrote, ”Is God’s Word adequate and complete in giving to man all that man needs to know as to how he must please God? Absolutely...” The Bible shows us everything we need to live a life pleasing to Him, which includes the responsibility of education.
Works Cited
Booth, Robert. "Schools are Religious." Center for Reformed Theology and Apologetics. 31 Mar 2011.
Brown, Scott. Family Reformation: The Legacy of Sola Scriptura in Calvin's Geneva. Wake Forest, VA: Merchant Adventures, 2009.
Manton, Thomas. "Mr. Thomas Manton's Epistle to the Reader." Center for Reformed Theology and Apologetics. 31 Mar 2011.
Morecraft, Joe. How God Wants Us to Worship Him: A Defense of the Bible as the Only Standard for Modern Worship. San Antonio, TX: The Vision Forum, 2004.
Price, Greg. "The Regulative Principle of Worship." Foundation for Reformation. 7 Apr 2011.
Thursday, December 30, 2010
Linked In or Reputation Based Networks Could Replace Accreditation and Degrees
The debate video below has some helpful points on self learning at the college level. It is interesting that accreditation and degrees could also be replaced with LinkedIn Profiles and other relationship based networks. The idea of peer based open transparent accreditation is simply proving what you know with a portfolio and references. The accreditation portion of the video begins at 39:40. The lady speaking is Anya Kamenetz who wrote the book titled, "DYI U: Edupunks, Edupreneurs and the Coming Transformation of Higher Education." Neither of the speakers are Christians, the second speaker is defending the tradiational university model.
How Should the University Evolve?, part 1 of 2 from BLSCI on Vimeo.
Friday, July 23, 2010
Loving Your Wife
Here's few suggestions for loving your wife. See if she agrees.
Spend time with her
Pray with her
Pray for her
Lead her in family worship
Read to her
Listen to her talk, saying uh-huh at least once every 5 min
Talk to her – except when she’s talking.
Go first when you’ve arrived late and the only open seats are in the front row
Fix her appliances
Labor for her food, clothing, and shelter
Be the first to seek forgiveness when estranged
Instruct her in the Scriptures
Study her – her likes & dislikes, strengths & weaknesses
Dwell with her in an understanding way
Hold her
Sleep with her
Make decisions
Make decisions in her best interest
Walk between her and the road
Defend her good name and honor
Laugh with her, never at her.
Have a vision
Communicate your vision to her
Utilize her talents
Don’t push her buttons
Buy her gifts
Encourage her
Thank her for her labors
Clean your plate – even the mistakes
Kiss her on first arriving home
Kiss her goodbye
Buy her the best tools
Ensure she takes care of herself
Protect her
Confide in her
Seek her advice
Fire the people that need fired
Cover her faults
Teach her graciously
Preserve her authority
Uphold her lawful government
Correct her unwise government
Confess your sins against her
Lead her with wisdom
Rule with diligence
Be jealous of her time & love
Put your dirty laundry in the laundry – if it always misses, buy her a bigger basket
Desire her body
Receive her attention and affection
Change the flat tire on her car
Open her car door
Tell her you love her
Smile at her
Walk hand in hand in public
Praise her labor
Delight in all that is her
Be the HUSBANDman of her garden
Spend time with her
Pray with her
Pray for her
Lead her in family worship
Read to her
Listen to her talk, saying uh-huh at least once every 5 min
Talk to her – except when she’s talking.
Go first when you’ve arrived late and the only open seats are in the front row
Fix her appliances
Labor for her food, clothing, and shelter
Be the first to seek forgiveness when estranged
Instruct her in the Scriptures
Study her – her likes & dislikes, strengths & weaknesses
Dwell with her in an understanding way
Hold her
Sleep with her
Make decisions
Make decisions in her best interest
Walk between her and the road
Defend her good name and honor
Laugh with her, never at her.
Have a vision
Communicate your vision to her
Utilize her talents
Don’t push her buttons
Buy her gifts
Encourage her
Thank her for her labors
Clean your plate – even the mistakes
Kiss her on first arriving home
Kiss her goodbye
Buy her the best tools
Ensure she takes care of herself
Protect her
Confide in her
Seek her advice
Fire the people that need fired
Cover her faults
Teach her graciously
Preserve her authority
Uphold her lawful government
Correct her unwise government
Confess your sins against her
Lead her with wisdom
Rule with diligence
Be jealous of her time & love
Put your dirty laundry in the laundry – if it always misses, buy her a bigger basket
Desire her body
Receive her attention and affection
Change the flat tire on her car
Open her car door
Tell her you love her
Smile at her
Walk hand in hand in public
Praise her labor
Delight in all that is her
Be the HUSBANDman of her garden
Monday, February 22, 2010
A Case for Calculus on the Farm
For those of you who like mathematics, consider how calculus could benefit any small farm or business. It would improve the quality and profitability of the operations. On our farm, we could watch more details, collect more data, understand the data more thoroughly with algebraic equations, and then optimize the variables for cost and quality with simple calculus. A slow implementation of these ideas is reasonable and also a beautiful implementation of the Biblical view of mathematics, diligence, and excellence.
The inventor of Calculus, Gottfried Wilhelm Leibniz (1646-1716) home schooled himself in math under a mentor after becoming a lawyer. The driving force behind his work was his view that God made the world in the best way it could have been made. Voltaire wrote a popular cartoon which criticized Leibniz on this optimism, focusing on the pain and suffering in the world. In his book titled, Theodicy, Leibniz wrote on the goodness of God, the freedom of man and the origin of evil, and the conformity of faith with reason. He was “incapable of looking at the objects of any special enquiry without seeing them as aspects or parts of one intelligible universe.” Leibniz thought of God as a mathematician. “He conceives God in the creation of the world like a mathematician who is solving a minimum problem – the question being to determine among an infinite number of possible worlds, that for which the sum of necessary evil is a minimum.”
Leibniz never married and was busy making major contributions to the world of mathematics, physics, social science and theology, but he wasn’t perfect. He wrote, “I cannot tell you how extraordinarily distracted and spread out I am. I am trying to find various things in the archives; I look at old papers and hunt up unpublished documents. From these I hope to shed some light on the history of the [House of]
So just how could calculus be helpful on a small farm or any business, and worth studying? Here is a simple example. Based on our farm data, for us to grow x broiler chickens, it costs C = $862 + $6.67x. The derivative of this equation (the slope of the line) shows that the feed and labor cost for each additional boiler chicken is $6.67. That was calculus.
Business profit equals the income minus the costs or P(x) = I(x) – C(x) = $10x – ($862 +$6.67x). Since this is a linear equation, increasing sales and lowering costs are the ways to maximize profits. Looking at the slope of this line, dP(x)/dx = $10-$6.67 = $3.33. This is the business income per chicken after all expenses including labor are paid. That was calculus again. Collecting more precise data would require non-linear equations, which then could be optimized using simple calculus techniques. Unknowns (U) and acts of God (A) can be factored into the equations using Proverbs 16:9 “A man’s heart deviseth his way; but the Lord directeth his steps” (U+A).
How much more money might be earned or saved if we did use calculus on the farm? I estimate the increase in earnings is the difference between the linear equation and non-linear equation of y = x and y = x1.05 In practical terms, that would lead us to sell 800 chickens where we would have sold 600 or 1400 chickens where we would have sold 1000 chickens, with the corresponding increased profit. In other terms, the breakeven point for a course in calculus would be equal to the business profit from 129 chickens, which would take two months to raise by a hired hand, with a return on investment over 5 years of $6000, at 1400 broilers per year, as compared to the profit earned without applying calculus. Therefore, it is a financial advantage to learn and apply calculus to every day business, just as we would expect, since God created the universe with mathematical order and it is our honour to search that out and put that knowledge to work.
It is the glory of God to conceal a thing: but the honour of kings to search out a matter. Proverbs 25:2
"Mathematics is the alphabet with which God has written the universe." Galileo Galilei
For by him were all things created, that are in heaven, and that are in earth, visible and invisible, whether they be thrones, or dominions, or principalities, or powers: all things were created by him, and for him: And he is before all things, and by him all things consist.
I mentioned the profitability of calculus to my chicken farming 18 year old son and he thought that it would be worth hiring an industrial engineer to do the calculus for him! A good idea, but not as satisfying as thinking some of God’s mathematical thoughts after him, experiencing a touch of His excellence, and seeing the increase result from His hand. Perhaps this deeper appreciation is like the difference between buying eggs and producing your own eggs. The gain is also in knowledge, wisdom, and understanding of how to acknowledge God in more of the details.
Wednesday, December 24, 2008
In the summer of 1969 Professor Percy Graves, a close friend and student of Professor Ludwig von Mises, gave a series of 7 lectures in Buenos Aires to overflow crowds at the Centro de Estudios sobre la Libertad on the dollar crisis. One of those lecutures dealt with the specifics of the 1929 Depression in some detail. Apparently there were Argentinians concerned enough about that crisis that they were willing to invest 7 nights of their life so as not to repeat that economic calamity in their country.
Would that Americans were so inclined.
The great irony is that if one changed 1929 to 2009 and added 80 years to the other dates, Professor Graves could have given the same lecture today word for word and been right on the mark. The only difference at this point is that we don't yet have the diaries and papers of the key players of the 2009 crisis.
The biggest and most dangerous misunderstanding regarding both of these economic crises is that they somehow represent a failure of the free market instead of the failure of government management of the economy.
Mises was once asked by a graduate student at his University of New York seminar what he thought the government should do during a depression. Mises replied in his quiet manner by presenting his free market position in a few well chosen words. Aghast, the student replied, "You mean the government should do nothing?"
Mises leaned back as he frequently did and said, "Yes, but I mean the government should start doing nothing much sooner."
You can download a transcript of the entire lecture at Understanding the Dollar Crisis
Would that Americans were so inclined.
The great irony is that if one changed 1929 to 2009 and added 80 years to the other dates, Professor Graves could have given the same lecture today word for word and been right on the mark. The only difference at this point is that we don't yet have the diaries and papers of the key players of the 2009 crisis.
The biggest and most dangerous misunderstanding regarding both of these economic crises is that they somehow represent a failure of the free market instead of the failure of government management of the economy.
Mises was once asked by a graduate student at his University of New York seminar what he thought the government should do during a depression. Mises replied in his quiet manner by presenting his free market position in a few well chosen words. Aghast, the student replied, "You mean the government should do nothing?"
Mises leaned back as he frequently did and said, "Yes, but I mean the government should start doing nothing much sooner."
You can download a transcript of the entire lecture at Understanding the Dollar Crisis
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