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I became a student of Austrian economics and libertarian philosophy by accident. In my first semester in college in 1972, I signed up for Principles of Microeconomics. In the classroom was a bookshelf that happened to have all the back issues of The Freeman published by the Foundation for Economic Education. I started reading some of the articles—by Ludwig von Mises, F.A. Hayek, Murray Rothbard, Henry Hazlitt, Gary North, Israel Kirzner, William Hutt, and other free-market writers—and I was hooked! I decided then that I wanted to be like these brave, highly educated, and articulate men who were so devoted to the cause of a free society.
Those were the old days before there was a Mises Institute. The Austrian School was all but forgotten by the academic world, and the best-selling economics textbook, by Paul Samuelson, was forecasting that Soviet socialism would eventually create more prosperity than American capitalism. How things have changed!
Read the full letter here.
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