Report of the Michigan Academy of Science (1915) Book

A lecture (that can be found on YouTube) by G. Edward Griffin in 1969 titled The Communist Revolution in America led me to Ludwig Von Mises. In the lecture, Griffin states that “we must recapture the American faith in the free enterprise system. Capitalism has almost become a dirty word. We must become students again and study the words of Madison, Jefferson, Bastiat and Von Mises as intently as our enemies study Marx and Lenin, Galbraith and Keynes. Not only must we become grounded in theory, but we must become advocates and spokesmen. We must know what we stand for.”

I wish my high school Economics class would’ve taught us the principles laid forth by Ludwig Von Mises, (I like to call him Lu), an Austrian Economist born in 1881 whose foresight and wisdom resounds through his lectures and writings. I’m sure I’m not remembering everything correctly, but our class discussion seemed to be more about definitions of terms that deal with the money market and never got to the heart of the value of the Free Market, something I tend to think might’ve been planned, but I digress. Tying in core values that revolve around freedom and less government are specifically connected to how well the Free Market and capitalism prospers a people, a nation. As Lu says “the interference of the government in money and banking has made government supreme in devaluing the money.“ I plan to correct what went wrong with my education for my children. Lu is now our homeschool Economics teacher.