by admin
August 4, 2013 in Economics
A short “take” from LibertarianChistians.com on the significance of the Austrian school of economics. It provides a quick overview of Austrian economics and how it differs from mainstream economics.
Source: MISES INSTITUTE
"A preventive war, to my mind, is an impossibility today. How could you have one if one of its features would be several cities lying in ruins, several cities where many, many thousands of people would be dead and injured and mangled, the transportation systems destroyed, sanitation implements and systems all gone? That isn't preventive war; that is war. I don't believe there is such a thing; and, frankly, I wouldn't even listen to anyone seriously that came in and talked about such a thing. ... It seems to me that when, by definition, a term is just ridiculous in itself, there is no use in going any further. There are all sorts of reasons, moral and political and everything else, against this theory, but it is so completely unthinkable in today's conditions that I thought it is no use to go any further." - Dwight D. Eisenhower News Conference of (11 August 1954)
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