In 1987, as a freshman in college, I walked into the university library and took down a tome entitled the House of Rothschild. The book told a story of a humble Jewish family from Frankfurt that began as money lenders to the German aristocracy and expanded its wealth exponentially and geographically until its interests extended into the ruling houses of Austria, France, Italy, Switzerland, and the United Kingdom. The Austrian branch was endowed with titles and lands by the Hapsburg emperor and the British branch was similarly ennobled by Queen Victoria.

George Soros courageously walked into the Cato Institute on Thursday to debate some of the nation’s leading scholars of the Austrian School of economics.

Specifically, the billionaire backer of “regime change” sat down with Richard Epstein, Hayek expert Bruce Caldwell, and a moderator to discuss Friedrich A. Hayek’s The Constitution of Liberty, a new edition of which was recently published by the University of Chicago Press.

Establishment economists and other economic cheerleaders were disappointed to learn that, despite the government’s best efforts to revive the economy through Keynesian interventions and stimuli, the GDP (Gross Domestic Product) for the first quarter of 2011 was half the rate of growth in the last quarter of 2010.

The latest study by The Pew Center on the States shows not only that states have not funded the promises they made to their employees when they retire, but that the gap between those promises and the states' contributions to pay for those promises is widening.

EconomyEdwin Vieira, Jr. is an attorney who has won three cases before the Supreme Court of the United States. He earned four degrees from Harvard University, including his doctorate.  A popular speaker, he is also the author of the monumental two-volume survey of monetary history in our nation entitled Pieces of Eight.  He resides in Virginia.  The following interview was conducted by John F. McManus, publisher of The New American.

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