Dedication

Tu ne cede malis,
sed contra audentior ito.

Do not give in to evil,
but proceed ever more boldly against it.

—Ludwig von Mises’s childhood motto,
taken from Virgil

The Ludwig von Mises Institute dedicates this volume to all of its generous donors, and in particular wishes to thank these Patrons:

Mr. and Mrs. Jeremy S. Davis
Eric Lemaire-Sicre
Ron Unz

Michael Davis, Douglas E. French and Deanna Forbush, Peter S. Harnett, Richard F. Lamb, D.O.,
Arthur and Elizabeth Lawhern, Samuel Medrano, M.D.,
In honor of Luis and Dolores Moreno,
Mr. and Mrs. Arne C. Mortensen,
Mr. and Mrs. R. Nelson Nash,

Professor and Mrs. Stanley E. Porter, Dr. Don W. Printz,
James M. Rodney, James B. Rogers, Jr., Thomas S. Ross,
Norman K. Singleton, Brian J. Wilton,
Chip and Nancy Wood, James M. Wolfe

Abernathy Insurance, Wes and Terri Alexander,
Anonymous, Helio Beltrao, Mr. and Mrs. William M. Benton,
John Hamilton Bolstad, Roman J. Bowser,
Gary Doherty, Charles C. Groff, Christopher M. Halfen,
Charles F. Hanes, Dr. Guelcin Imre,
Frank and Harriet Kurzweg, Dr. Ronald J. Legere,
James Marquart, Paolo Pamini, Laurence A. Peterson,
Elisha C. Poole, Raymond Poteet, John J. Proodian,
David Orriols Roberts, John Stavert, Robert J. Stewart,
Mr. and Mrs. Walter Woodul III