Lecture presented by Dr. Hans-Hermann Hoppe to the inaugural Mises Institute Australia seminar on November 25-26, 2011 in Sydney. Hans-Hermann Hoppe is an Austrian school economist of the anarcho-capitalist tradition, a senior fellow of the Ludwig von Mises Institute and economics professor at the University of Nevada, Las Vegas. He is the author of Democracy: The God That Failed; The Economics and Ethics of Private Property; A Theory of Socialism and Capitalism, and is the editor of The Myth of National Defense.
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