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I would like to see more work done on Hayek's cycle theory. That is where Austrians can make the more important contribution to the country and to economic theory. And instead of running screaming from the mere mention of math and statistics, we should follow Hayek in providing statistical support the theory. It seems to me that was Hayek's suggestion. We need to flesh out the skeletal outlines of the cycle, and maybe correct some of the details if necessary, with detailed statistics of how it actually worked in the past.

I know that Rothbard didn't think much of Lou Spadaro. Spadaro had a very open and active mind. He didn't publish very much but he sponsored my BA honors thesis at Fordham (and I believe Jerry O'Driscoll's).In many ways Spadaro and Rothbard were intellectual opposites. Rothbard was a good resource and an exiting person for college students. But he was a dogmatist. Spadaro, on the other hand, would let you follow your own personal inspiration and transform old ideas into new ones. I often think that the mind-set he imparted gave me the intellectuial energy to say something original. Rothbard wanted to stamp out much originality because he was afraid of error (deviation) the way Rand was and many churches are. To risk error is the necessary price of improving knowledge.

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