"Fundamentally there is only liberalism and illiberalism. Hayek and Mises steadfastly called themselves “classical liberals” out of necessity—to distinguish themselves from the modern liberal program." - @jeffdeist

mises.org/wire/classical… "[T]o be clear, progressives rather than conservatives run the meaningful and powerful institutions of America—including language. So when libertarians and conservatives today describe themselves as classical liberals, to whom do they appeal?..."

Happy Birthday to Ludwig von Mises, a man who dedicated his life to saving civilization from the intellectual and political disasters of the 20th Century.

He was the leading critic of the inflationism, managerialism, and authoritarianism that haunts the world today. One of his first great accomplishments was the Theory of Money and Credit, which applied the Austrian value theory to money and banking, and illustrated the social and political consequences of money and credit creation.

mises.org/library/theory…

In celebration of his birthday, a look at the life of Ludwig von Mises.

Mises was born on Sept 29, 1881 in the city of Lemberg, Galicia, Austria-Hungary (now Lviv, Ukraine)

Here's a photo of young Lu (center), with his brothers Karl (left) and Richard (right) At age 30, Mises wrote Theorie des Geldes und der Umlaufsmittel. The book, translated into Theory of Money and Credit, integrated money and banking into the Mengerian theory of value and prices.

It still remains one of the most significant works in the Austrian tradition.

Ludwig von Mises's Human Action was published on this date in 1949. Thanks to our generous donors, the indispensable ideas in this book are more widely accessible than ever before.

mises.org/power-market/h… Human Action is available for free on our site as both a book and audiobook:

mises.org/library/human-…

@BobMurphyEcon's study guide is as well:

mises.org/library/study-…