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[This article is excerpted from chapter 21 of Mises: The Last Knight of Liberalism.] In the early 1950s, Mises's NYU seminar dealt increasingly with epistemological questions. As he said to Ludwig Lachmann, he felt that the analysis of epistemological problems would

Jeff and Bob discuss the effect of rising interest rates on Uncle Sam's ability to service debt—and promote the increasingly less radical idea that a default on Treasury debt is both inevitable and good. Jeff's article on rising rates: Mises.org/HAP351-1 House Budget