Ludwig von Mises’ death
Today is the 40th anniversary of Austrian economist Ludwig von Mises’ death.
I can’t emphasize enough how much Mises has been influential on my way of looking at both economic and social interactions. When I compared his writings to my day to day life as a banks analyst, everything made so much sense… I’ve read several of his books, of which Human Action is one of my favourite. I found myself in agreement with 99% of what I read in it. Believe me, this usually never happens.
He was a true believer in freedom, and was mocked during several decades for predicting the fall of the Soviet Union. A great economist.
Thank you Ludwig.
PS: You can read more about Mises on Free Banking and on the Mises Institute website (also here).
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Spontaneous Finance 
In his first article ” Economic Calculation in the Socialist Commonwealth “, Mises describes the nature of the price system under capitalism and describes how individual subjective values are translated into the objective information necessary for rational allocation of resources in society.