"It is important to remember that government interference always means either violent action or the threat of such action. The funds that a government spends for whatever purposes are levied by taxation. And taxes are paid because the taxpayers are afraid of offering resistance to the tax gatherers. They know that any disobedience or resistance is hopeless. As long as this is the state of affairs, the government is able to collect the money that it wants to spend. Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.

Ludwig von Mises, Human Action: A Treatise on Economics (4th edition, 1996, p. 719)

From time to time I am a visitor at the Institut de Statistique, Université Catholique de Louvain, Louvain-la-Neuve, Belgium and the Federal Reserve Bank of St. Louis.

I will teach the following courses during the spring semester, 2010:

I have also taught the following courses during previous semesters at Clemson:

Graduate courses are signified by red arrows; undergraduate courses by blue arrows. In addition to the courses listed above, I taught the following courses in my former department:

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