|
 |
Many thanks to my friend Dr. Philip Bagus for forwarding the link to me. In addition to the address by former Czech president Vaclav Klaus, there were excellent presentations by Dr. Bagus of King Juan Carlos University in Madrid, Mr. Mach of the Czech Republic, and Richard Sulik of Slovakia.
Dr. Bagus’ informed the audience that almost one hundred years ago Ludwig von Mises explained the impossibility of socialism in his Economic Calculation in the Socialist Commonwealth. If Europe had listened to Mises, think of the misery it would have avoided, including that of today. His talk starts at the 58 minute mark. Dr. Bagus is author of the very influential The Tragedy of the Euro, which explains that the euro is misconstructed and will suffer the same fate as any inadequately protected commonly held resource. Patrick Barron
