You don?t often read the name Ludwig von Mises in TIME. We can thank Ron Paul for plugging the Austrian economist in his nomination for Person of the Year:
Amid a horrific financial crisis, all we hear are calls for more of the money-printing, spending and subsidies that created this mess. So I choose my great teacher, Ludwig von Mises, champion of the Austrian School of economics, who taught us how a central bank like the Fed causes booms and busts and how to build prosperity through sound money and economic freedom.
Paul understands that many politicians and voters today would benefit from the wisdom of Mises? nearly 60-year-old classic text, Human Action.
