High debt levels function as a drag on economic growth, siphoning off resources from productive investment and stifling innovation and entrepreneurship.
In this 1958 speech, Ludwig von Mises explains why, under socialism, "freedom" means the elimination of dissent. The socialist goal is bondage, not liberty.
Over the last thirty years, this conference has been the first step to a career in academia for many Austrian scholars. Please consider funding scholarships for the best and brightest to come to AERC.
