The 2012 Event:  occurred on Sept 29, 2012


MisesSponsors of this event included:

Patrick and Mary Peterson;  Marnie Khaw, founder, Silicon Valley Libertarian Book Club;  Matt Ogorzalek, Silicon Valley chapter of SOLE (Society of Libertarian Entrepreneurs);  Warren Gibson, frequent contributor to The Freeman magazine, and SJSU Economics Instructor;  Quee Nelson, author, The Slightest Philosophy;           Corrie Foos, founder, Mt. Hamilton Society;  David J. and Mary L.G. Theroux, The Independent Institute; Agora Financial, LLC; and Sprott Global Resource Investments Ltd.


Event Report:

Rich and Gregory gave stirring presentations on the importance of Mises to economics and to the intersection of politics and economics.   Videos below.





Patrick Peterson introducing the ideas and the speakers:

Anthony Gregory


Research Associate at the Independent Institute, introduced the audience to the force, breadth and depth of Mises.


Mises dealt with the issues of money, socialism, interventionism and freedom. 


Gregory explained how Mises did that, at a time when it seemed the whole world was rushing toward destruction.


Mises argued that even if all wanted socialism and worked hard to make it work, it would still fail, for socialism by eliminating private property, does away with rational pricing.    Mises explained the connections between all centrally planned economies, be they Socialist or Fascist.  And Gregory pointed out how Mises urged all to take up the responsibility to fight for freedom, since civilization is at stake.


Rick Rule

Chairman of Sprott US Holdings.  He described himself as a credit analyst, a capitalist and beneficiary of Mises. 


We were raised to think so many of our current problems could be solved politically. 


But Rule explains that Mises' great contribution to him (and to investment analysis in general) was to demonstrate how attempts by government to alter markets are futile (or at least destructive) and that the cure for high prices are high prices, due to the incentives to each individual.


Another lesson he learned from Mises was his final realization of "confusing a bull market with brains."


Several problems contributing to the 2008 crisis such as over leveraged banking system have not been solved.


His credit analysis of the Federal Government's situation was scary but very eye-opening and worth noting.  He covered the details but summed it up with the ditty: "When your outgo exceeds your income, your upkeep becomes your downfall."  He sees the politicians as dealing with a solvency problem (too much debt) with liquidity (printing/borrowing money).  He does not see the endgame as being pretty.  But one of the keys to turning things around is the amazing productivity triumphs as demonstrated by Silicon Valley.


Event Details:

Evening's Agenda:  on Saturday 29 September 2012     Time:  6 -10 P.M.

6:00 P.M. - Reception

7:00 P.M. - Dinner

8:00 P.M. - Introductory speaker Gregory, followed by main Speaker (Rick Rule - see below) with Q & A

9:45 P.M. - Concluding remarks



Location:Capital Club

Our venue was superb, with breathtaking views of the city, bay and surrounding mountains. 


The Silicon Valley Capital Club:  Link

50 W. San Fernando St.- 17th Floor, San Jose (Validated /free parking available in same building)


Come meet others who have already been touched by the ideas of Mises.  You will experience gourmet food, good friends, rousing discussion and a talk, with full Q&A, on important aspects of why Mises is worth celebrating.


Ludwig von Mises Birthday Celebration

Ludwig von Mises was born 29 Sept. 1881, and hence this celebration on Sat. 29 Sept.  Henry Hazlitt wrote of Mises:  "His outstanding moral quality was moral courage, the ability to stand alone, and an almost fanatical intellectual honesty and candor that refused to deviate or compromise and inch. 


This often cost him personally dear, but it set an ideal to strengthen and inspire his students and  all the rest of us who were privileged to know him."  Robert Bidinotto wrote: "It is difficult to conceive of any person in our time who has given the world so much, yet been rewarded so little in return." 


The Wall St. Journal wrote: "Mr. von Mises believed in choice. He believed that choosing among options determines all human decisions and hence the entire sphere of human action...  While man could destroy himself and civilization, he could also ascend - in a free society, i.e., a free economy - to undreamed-of  cultural, intellectual and technological heights...."


He was trained in and expanded the "Austrian School of Economics" tradition begun by Carl Menger and his teacher Eugen Böhm-Bawerk. 


He not only did path-breaking work on crucial issues such as money, the trade cycle, the irrationality of socialism and the proper methodology of economics, but was a great defender of classical liberal ideas  -  the free society.


The Speakers


Anthony Gregory:  Introductory speakerGregory

He is Research Fellow at the Independent Institute.

He has written hundreds of articles that have appeared in the Christian Science Monitor, Bloomberg BusinessWeek, San Diego Union-Tribune, Washington Times, Dallas Morning News, Salt Lake Tribune, Sacramento Bee, Portland Oregonian, Modesto Bee, Contra Costa Times, and many other newspapers; as well as in Human Events, Counterpunch, The American Conservative, Alternet,, The Independent Review and the Journal of Libertarian Studies.


He also regularly writes for numerous news and commentary web sites, including and the Future of Freedom Foundation. He earned his bachelor’s degree in American history from the University of California at Berkeley, giving the undergraduate history commencement speech in 2003.


Rick Rule:Rule


Our speaker: Rick Rule began his career in the securities business in 1974, and has been principally involved in natural resource security investments ever since. He is a leading investor specializing in mining, energy, water, forest products and agriculture.


Rick founded California-based Global Resource Investments, Ltd.  A popular public speaker, Mr. Rule is a featured presenter throughout the world, such as being a perennial favorite at FreedomFest in Las Vegas and the Agora Financial Investment Symposium held in Vancouver each July.


Interviews with Rick Rule and his articles and commentary are frequently included in such sources as:,, King World News, The Gold Report, BNN, The Energy Report, and SilverSeek, etc. His research and brokerage capabilities are frequently recommended by distinguished financial newsletter writers such as Bob Bishop, Doug Casey, Adrian Day, Richard Maybury, Paul Van Eeden, Mark Skousen, Jack Pugsley and others. 


You can find many videos of him on    Interview with him on investments:  Link and as well a radio interview:  16 July and focuses on his specialty - natural resources - but also covers the overall economy as well.


Rick Rule was born in San Jose, and attended the University of British Columbia.  In November, 2010, Rule sold Global Resource Investments, Ltd. and its affiliated companies, to Sprott, Inc., a leading independent public natural resources investment manager, considered Canada's premier global resource oriented money manager. 


As for his philosophy, Rule states, "I am not an economist, but rather a credit analyst and businessman.  My economic philosophies are aligned with the Austrian school, as a consequence of a life-long process of observing markets in action.  My political beliefs stem from a base that voluntary exchange is best, and that the initiation of force, fraud or coercion is immoral." 


Rick Rule spoke on the influence Ludwig von Mises had on him and on his very successful career.