“Another approach I rejected was quietism. I’ve never been impressed with the idea that we should sit back in complacent satisfaction that we constitute the remnant, while others eventually join us or not. Surely ideas do have consequences, but reality dictates that they need passionate scholars to advance them on every front.
Hence, Mises as a thinker, who had done so much to resuscitate old-fashioned, tough-minded liberalism, was falling by the wayside, a victim of a movement that eschewed all such unrespectable thinkers. Misesian theory and practice were fading fast. I set out to change that, and to serve a neglected generation of students. Idealism is what stirs the young heart, and the only idealism that seemed to be available to students in those days was from the left. I harkened back to my lifetime love of Mises, of his brilliance and his courage, and talked with Margit about the project. She was thrilled, made me promise to make it my lifetime work, and we got busy.”
“When I asked Murray to head academic affairs, he brightened up like a kid on Christmas morning. We agreed that the goal should be to provide a support system that would revive the Austrian School as a player in the world of ideas, so that statism of the left and right could be fought and defeated.”