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BankNotes
My Mother and Franklin D.
Roosevelt
by R. Nelson Nash
To put this story into context we will need to go
back in time to the Spring of 1957. That was when
I was introduced to the Austrian School of economic
thought through The Foundation for Economic
Education (FEE). The book Economics In One
Lesson by Henry Hazlitt is where my journey began.
A radiologist in my town had loaned me his copy.
I had never been exposed to such clarity of
thought before. Please understand I made a D+
in Economics 101 in college primarily because all
those Keynesian ideas being taught made absolutely
no sense to me. None of it corroborated the teaching
of my Christian upbringing. I knew something was
inherently wrong in their ideas.
What a breath of fresh air it was to find a source
of knowledge where I could begin my study of clear
economic thought! I subscribed to the monthly
journal, The Freeman, published by FEE. And
there were all those books and authors that were
recommended from which to learn, too! It became
a passion and continues to do so to this day. How
fortunate I have been!
After several years of this pilgrimage I began to think
about the origin of the false ideas and teachings that
abound in our world. They are in such contrast to
the Austrian School of thought. Who started them?
Why did they do so? Why are they so appealing to
people?
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Further Integration
The mainstream theory of optimal currency area sheds
light on another (alleged) lesson being drawn from
the present crisis: the need for fiscal union among
the eurozone states. For example, Mario Draghi,
the incoming head of the European Central Bank,
recently said Europe needs to make a quantum step
up in economic and political integration. Mainstream
theory shows that it is suboptimal to have a single
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than sinner.
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Fortunately, there are those who see with one eye the
falseness of LOOT, and with the other observe the
true LIGHT. To thus see beneath the surface brings
enlightenment encouragement. Such persons are
aware of the growing numbers who are beginning to
see the destructiveness of plunder and how freedom
works its unbelievable wonders.
A lie can travel half way around the world before the
The vast majority see with one eye only and truth can put its boots on -- Charles Spurgeon
as a consequence, observe merely surface or Eventually you will reach a point when you stop
false appearances. Being half-blinded results in lying about your age and start bragging about it.
discouragement and frustration; it lacks any creative -- Will Rogers
stimulus lifes mission abandoned.
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