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	<id>https://wiki.freecapitalists.org/api.php?action=feedcontributions&amp;feedformat=atom&amp;user=Briggs</id>
	<title>The Austrian Economics Wiki - User contributions [en]</title>
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	<updated>2026-08-09T15:07:39Z</updated>
	<subtitle>User contributions</subtitle>
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	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Thomas_DiLorenzo&amp;diff=11578</id>
		<title>Thomas DiLorenzo</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Thomas_DiLorenzo&amp;diff=11578"/>
		<updated>2011-02-25T18:43:46Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&#039;&#039;&#039;Thomas DiLorenzo&#039;&#039;&#039; is professor of economics at [http://www.loyola.edu/ Loyola University Maryland] and a senior fellow at the [[Ludwig von Mises Institute]]. He is the author or co-author of ten books, on subjects such as antitrust, group-interest politics, and interventionism generally.&lt;br /&gt;
&lt;br /&gt;
==Links==&lt;br /&gt;
{{Contact faculty|tdilo@aol.com}}&lt;br /&gt;
*[http://mises.org/articles.aspx?AuthorId=425 Daily articles archive] on [[Mises Institute|Mises.org]]&lt;br /&gt;
*[http://mises.org/literature.aspx?action=author&amp;amp;Id=425 Literature archive] on Mises.org&lt;br /&gt;
*[http://mises.org/media.aspx?action=author&amp;amp;ID=425 Media archive] on Mises.org&lt;br /&gt;
&lt;br /&gt;
{{Stub}}&lt;br /&gt;
{{DEFAULTSORT:DiLorenzo, Thomas}}&lt;br /&gt;
[[Category:Economists]]&lt;br /&gt;
[[Category:Historians]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Thomas_DiLorenzo&amp;diff=11577</id>
		<title>Thomas DiLorenzo</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Thomas_DiLorenzo&amp;diff=11577"/>
		<updated>2011-02-25T18:43:30Z</updated>

		<summary type="html">&lt;p&gt;Briggs: added loyola link&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&#039;&#039;&#039;Thomas DiLorenzo&#039;&#039;&#039; is professor of economics at [[http://www.loyola.edu/ Loyola University Maryland]] and a senior fellow at the [[Ludwig von Mises Institute]]. He is the author or co-author of ten books, on subjects such as antitrust, group-interest politics, and interventionism generally.&lt;br /&gt;
&lt;br /&gt;
==Links==&lt;br /&gt;
{{Contact faculty|tdilo@aol.com}}&lt;br /&gt;
*[http://mises.org/articles.aspx?AuthorId=425 Daily articles archive] on [[Mises Institute|Mises.org]]&lt;br /&gt;
*[http://mises.org/literature.aspx?action=author&amp;amp;Id=425 Literature archive] on Mises.org&lt;br /&gt;
*[http://mises.org/media.aspx?action=author&amp;amp;ID=425 Media archive] on Mises.org&lt;br /&gt;
&lt;br /&gt;
{{Stub}}&lt;br /&gt;
{{DEFAULTSORT:DiLorenzo, Thomas}}&lt;br /&gt;
[[Category:Economists]]&lt;br /&gt;
[[Category:Historians]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Thomas_DiLorenzo&amp;diff=11576</id>
		<title>Thomas DiLorenzo</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Thomas_DiLorenzo&amp;diff=11576"/>
		<updated>2011-02-25T18:42:18Z</updated>

		<summary type="html">&lt;p&gt;Briggs: fixed university name&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&#039;&#039;&#039;Thomas DiLorenzo&#039;&#039;&#039; is professor of economics at Loyola University Maryland and a senior fellow at the [[Ludwig von Mises Institute]]. He is the author or co-author of ten books, on subjects such as antitrust, group-interest politics, and interventionism generally.&lt;br /&gt;
&lt;br /&gt;
==Links==&lt;br /&gt;
{{Contact faculty|tdilo@aol.com}}&lt;br /&gt;
*[http://mises.org/articles.aspx?AuthorId=425 Daily articles archive] on [[Mises Institute|Mises.org]]&lt;br /&gt;
*[http://mises.org/literature.aspx?action=author&amp;amp;Id=425 Literature archive] on Mises.org&lt;br /&gt;
*[http://mises.org/media.aspx?action=author&amp;amp;ID=425 Media archive] on Mises.org&lt;br /&gt;
&lt;br /&gt;
{{Stub}}&lt;br /&gt;
{{DEFAULTSORT:DiLorenzo, Thomas}}&lt;br /&gt;
[[Category:Economists]]&lt;br /&gt;
[[Category:Historians]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Doug_French&amp;diff=6035</id>
		<title>Doug French</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Doug_French&amp;diff=6035"/>
		<updated>2011-02-15T18:25:17Z</updated>

		<summary type="html">&lt;p&gt;Briggs: added photo per Pat&amp;#039;s Request&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:French_Human_Action_Pocket.JPG|200px|thumb|right|Douglas E. French]]&lt;br /&gt;
&#039;&#039;&#039;Douglas E. French&#039;&#039;&#039; is president of the [[Ludwig von Mises Institute]]. He received his master&#039;s degree under the direction of [[Murray N. Rothbard]] at the University of Nevada, Las Vegas, after many years in the business of banking.&lt;br /&gt;
&lt;br /&gt;
He was a major supporter of the Mises Institute in the years leading up to assuming the position of president of the Mises Institute in 2009. His dramatic expansion priorities include development in every area of the Mises Institute&#039;s educational mission, online and at our physical location.&lt;br /&gt;
&lt;br /&gt;
He is the author of [http://mises.org/store/Early-Speculative-Bubbles-and-Increases-in-the-Supply-of-Money-P578.aspx Early Speculative Bubbles], the first major empirical study of the relationship between early bubbles and the money supply. He teaches in the [http://academy.mises.org Mises Academy] and writes regularly for the [http://mises.org/daily/author/627 Mises Daily].&lt;br /&gt;
&lt;br /&gt;
[[Category:Economists]]&lt;br /&gt;
[[Category:Mises Institute]]&lt;br /&gt;
{{DEFAULTSORT:French, Douglas E.}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:French_Human_Action_Pocket.JPG&amp;diff=13250</id>
		<title>File:French Human Action Pocket.JPG</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:French_Human_Action_Pocket.JPG&amp;diff=13250"/>
		<updated>2011-02-15T18:21:22Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Photo taken at Houston Circle 2011.&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;== Summary ==&lt;br /&gt;
Photo taken at Houston Circle 2011.&lt;br /&gt;
== Licensing ==&lt;br /&gt;
{{Public domain}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Talk:Walk_Away&amp;diff=11027</id>
		<title>Talk:Walk Away</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Talk:Walk_Away&amp;diff=11027"/>
		<updated>2010-12-02T04:58:33Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Created page with &amp;quot;This page is still very rough. I will continue to add content and improve citations over the next few days. I decided I didn&amp;#039;t like the way I was writing the chapter summaries so...&amp;quot;&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;This page is still very rough. I will continue to add content and improve citations over the next few days. I decided I didn&#039;t like the way I was writing the chapter summaries so I tried something different with Chapter Two. I will continue to tweak writing style. [[User:Briggs|Briggs]] 22:58, 1 December 2010 (CST)&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Walk_Away&amp;diff=11020</id>
		<title>Walk Away</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Walk_Away&amp;diff=11020"/>
		<updated>2010-12-02T04:55:01Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:Walk_Away_cover.jpg|100px|thumb|right]]Walk Away is a 77 page monograph written by Ludwig von Mises Institute President [[Douglas E. French]] in which he makes the case that it is not unethical or un-libertarian for an underwater homeowner to strategically default. &lt;br /&gt;
&lt;br /&gt;
==Introduction==&lt;br /&gt;
In the introduction, French posits that the American dream and civic religion of the 20th century centered around home ownership. The obsession with home ownership was largely the result of government programs and subsidies. Among the arguments proffered by the government and home-ownership advocates was that a mortgage was the best possible investment one could make due to perpetually increasing home values. French also notes that the government viewed home ownership as a kind of jobs program in a post-WWII economy in which women were to be &amp;quot;employed&amp;quot; as home makers rather than competing with returning veterans in the job market. &lt;br /&gt;
&lt;br /&gt;
The bursting of the housing bubble in 2007-2008 seriously undercut the ubiquitous belief that home values could never decrease. French writes that the drastic decline in home values, despite government interventions, caused many Americans to view both their homes and its contents very differently. According to French, for the first time in nearly a century, people began to resent their homes and copious possessions because these things tied them down and prevented them from being able to accept better employment employment opportunities in other parts of the country or world. &lt;br /&gt;
&lt;br /&gt;
French observes that young people are recapturing the &amp;quot;pioneer spirit&amp;quot; of early American history and trading their homes and possessions for greater mobility and economic opportunity. Digital technology, French believes, &amp;quot;has made it possible to do untraditional jobs while living anywhere, and perhaps changing one&#039;s location every year or two.&amp;quot;&amp;lt;ref&amp;gt;Walk Away: The Rise and Fall of the Home-Ownership Myth, p. iv&amp;lt;/ref&amp;gt; The disillusionment with housing and the realization that the higher-order good does not possess magical properties caused many Americans to realize that continuing to pay more for their houses than they are worth is not a prudent. &lt;br /&gt;
&lt;br /&gt;
French concludes his introduction with the assertion that, despite the official rhetoric of politicians, there is no ethical objection to the practice of strategic default. He contents that &amp;quot;It is an extension of economic rationality.&amp;quot;&amp;lt;ref&amp;gt; page v &amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==Chapter one: What is Strategic Default?==&lt;br /&gt;
&amp;quot;Strategic default is when homeowners stop paying on their mortgages when, in fact, they can afford to make payments, but choose not to because the house that serves as collateral for the loan is worth considerably less than the loan balance.&amp;quot;&amp;lt;ref&amp;gt; page 1 &amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French writes that in 2010, nearly 1/3 of foreclosures were strategic defaults and that many academics believe that the historical stigma associated with defaulting is being eroded. He relays a hypothetical example, based on real data for the Salinas, California housing market, in which it would take around 60 years for a homeowner to recover their equity.&amp;lt;ref&amp;gt; page 1-3&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French writes that in many of the regions in which the housing market was hottest during the boom, between 70-80% of homeowners were estimated to owe more than their home was worth in 2010. Additionally, predictions for 2011 put nearly half of all American homeowners(25 million)&amp;quot;under water.&amp;quot; &amp;lt;ref&amp;gt;page 3&amp;lt;/ref&amp;gt; The time the foreclosure process takes varies by state from months to several years. French believes that the estimate that 6 million homes await foreclosure, in addition to the 7 million already seized by lenders may be conservative. The estimated 6 million homes awaiting foreclosure is small relative to the estimated 11-15 million homes with negative equity.&amp;lt;ref&amp;gt; page 4&amp;lt;/ref&amp;gt; &lt;br /&gt;
&lt;br /&gt;
French explains that the government has a vested interest in the American housing market and has been manipulating it since President Hoover&#039;s &amp;quot;Own Your Own Home&amp;quot; initiative which began before the Great Depression. &lt;br /&gt;
&amp;lt;blockquote&amp;gt;Owner-occupied housing not only provides employment, but each homeowner has a stake in their community and their country. An ownership society is a compliant society. those with an ownership stake recognize the need for the kind of security that big government can provide. Homeowners have something to protect and look to government to provide that protection. And a big mortgage that takes 30 years to retire keeps the family focused on what&#039;s important-paying for their American dream. there&#039;s no time to be concerned with the size of government, there are house payments to make.&amp;lt;/blockquote&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;blockquote&amp;gt;Nothing makes a suburban American family sleep better at night than knowing that the military is fighting the bad guys on foreign soil to protect their happy hoe while their hobs are made secure by wise economists at the Federal Reserve who are making all the right interest rate moves. And the more local cops on the beat keeping an eye on the neighborhood, the better.&amp;lt;/blockquote&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French notes that many libertarians view strategic default as a breach of ethics and contractual obligation. He reminds readers that mortgages contain no provision for borrowers to return the home securing the note just because the home&#039;s value falls below the amount of money borrowed. Similarly, the lender has no claim on any profit a borrower might make if the home sells for more than the amount borrowed. &amp;quot;The borrower and lender aren&#039;t partners&amp;quot;&amp;lt;ref&amp;gt;page 5&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French then reminds readers that &amp;quot;The laws of economics have leveled the government&#039;s 90-year housing agenda and individuals should not be demonized for obeying those laws.&amp;quot;&amp;lt;ref&amp;gt; page 6&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==Chapter Two: Double Standard==&lt;br /&gt;
Research indicates that homeowners are refraining from strategically defaulting because they wish to avoid feelings of shame associated with foreclosure and because they tend to overestimate the consequences associated with foreclosure. The notion that strategically defaulting on ones home is a shameful act has been encouraged and reinforced by the government. Former Treasury Secretary Hank Paulson said &amp;quot;any homeowner who can afford his mortgage payments but chooses to walk away from an underwater property is simply a speculator-and one who is not honoring his obligation.&amp;quot; The C.E.O of the Mortgage Bankers Association warned homeowners to consider the message that defaulting would send to &amp;quot;their family and their kids and their friends.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Though the government has been urging individuals to act against their financial well being and continue to make their mortgage payments even if they are underwater, big banks and commercial property owners are actively engaging in strategic defaults. Morgan Stanley strategically defaulted on 5 office buildings it unwisely purchased for $2.43 billion at the height of the bubble. The Morgan Stanley spokeswoman said &amp;quot;This ins&#039;t a default or foreclosure situation, we are going to give them the properties to get out of the loan obligation.&amp;quot;&amp;lt;ref&amp;gt;page 8&amp;lt;/ref&amp;gt; Similarly, Taubman Centers, Inc., strategically defaulted on a $135 million mortgage after the securing properties value fell to $52 million.&amp;lt;ref&amp;gt; page 9&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Corporate executives have a fiduciary obligation to act in the best interest of their shareholders, not their lenders. By strategically defaulting, managers are fulfilling their obligation. These corporations, some of which received government bailout money, are held to a different standard by the government than are individual citizens who are underwater and are paying taxes to bailout the banks.&lt;br /&gt;
&lt;br /&gt;
==References==&lt;br /&gt;
{{reflist}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Walk_Away&amp;diff=11019</id>
		<title>Walk Away</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Walk_Away&amp;diff=11019"/>
		<updated>2010-12-02T04:54:00Z</updated>

		<summary type="html">&lt;p&gt;Briggs: added image of book cover&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:Walk_Away_cover.jpg|200px|thumb|right]]Walk Away is a 77 page monograph written by Ludwig von Mises Institute President [[Douglas E. French]] in which he makes the case that it is not unethical or un-libertarian for an underwater homeowner to strategically default. &lt;br /&gt;
&lt;br /&gt;
==Introduction==&lt;br /&gt;
In the introduction, French posits that the American dream and civic religion of the 20th century centered around home ownership. The obsession with home ownership was largely the result of government programs and subsidies. Among the arguments proffered by the government and home-ownership advocates was that a mortgage was the best possible investment one could make due to perpetually increasing home values. French also notes that the government viewed home ownership as a kind of jobs program in a post-WWII economy in which women were to be &amp;quot;employed&amp;quot; as home makers rather than competing with returning veterans in the job market. &lt;br /&gt;
&lt;br /&gt;
The bursting of the housing bubble in 2007-2008 seriously undercut the ubiquitous belief that home values could never decrease. French writes that the drastic decline in home values, despite government interventions, caused many Americans to view both their homes and its contents very differently. According to French, for the first time in nearly a century, people began to resent their homes and copious possessions because these things tied them down and prevented them from being able to accept better employment employment opportunities in other parts of the country or world. &lt;br /&gt;
&lt;br /&gt;
French observes that young people are recapturing the &amp;quot;pioneer spirit&amp;quot; of early American history and trading their homes and possessions for greater mobility and economic opportunity. Digital technology, French believes, &amp;quot;has made it possible to do untraditional jobs while living anywhere, and perhaps changing one&#039;s location every year or two.&amp;quot;&amp;lt;ref&amp;gt;Walk Away: The Rise and Fall of the Home-Ownership Myth, p. iv&amp;lt;/ref&amp;gt; The disillusionment with housing and the realization that the higher-order good does not possess magical properties caused many Americans to realize that continuing to pay more for their houses than they are worth is not a prudent. &lt;br /&gt;
&lt;br /&gt;
French concludes his introduction with the assertion that, despite the official rhetoric of politicians, there is no ethical objection to the practice of strategic default. He contents that &amp;quot;It is an extension of economic rationality.&amp;quot;&amp;lt;ref&amp;gt; page v &amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==Chapter one: What is Strategic Default?==&lt;br /&gt;
&amp;quot;Strategic default is when homeowners stop paying on their mortgages when, in fact, they can afford to make payments, but choose not to because the house that serves as collateral for the loan is worth considerably less than the loan balance.&amp;quot;&amp;lt;ref&amp;gt; page 1 &amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French writes that in 2010, nearly 1/3 of foreclosures were strategic defaults and that many academics believe that the historical stigma associated with defaulting is being eroded. He relays a hypothetical example, based on real data for the Salinas, California housing market, in which it would take around 60 years for a homeowner to recover their equity.&amp;lt;ref&amp;gt; page 1-3&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French writes that in many of the regions in which the housing market was hottest during the boom, between 70-80% of homeowners were estimated to owe more than their home was worth in 2010. Additionally, predictions for 2011 put nearly half of all American homeowners(25 million)&amp;quot;under water.&amp;quot; &amp;lt;ref&amp;gt;page 3&amp;lt;/ref&amp;gt; The time the foreclosure process takes varies by state from months to several years. French believes that the estimate that 6 million homes await foreclosure, in addition to the 7 million already seized by lenders may be conservative. The estimated 6 million homes awaiting foreclosure is small relative to the estimated 11-15 million homes with negative equity.&amp;lt;ref&amp;gt; page 4&amp;lt;/ref&amp;gt; &lt;br /&gt;
&lt;br /&gt;
French explains that the government has a vested interest in the American housing market and has been manipulating it since President Hoover&#039;s &amp;quot;Own Your Own Home&amp;quot; initiative which began before the Great Depression. &lt;br /&gt;
&amp;lt;blockquote&amp;gt;Owner-occupied housing not only provides employment, but each homeowner has a stake in their community and their country. An ownership society is a compliant society. those with an ownership stake recognize the need for the kind of security that big government can provide. Homeowners have something to protect and look to government to provide that protection. And a big mortgage that takes 30 years to retire keeps the family focused on what&#039;s important-paying for their American dream. there&#039;s no time to be concerned with the size of government, there are house payments to make.&amp;lt;/blockquote&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;blockquote&amp;gt;Nothing makes a suburban American family sleep better at night than knowing that the military is fighting the bad guys on foreign soil to protect their happy hoe while their hobs are made secure by wise economists at the Federal Reserve who are making all the right interest rate moves. And the more local cops on the beat keeping an eye on the neighborhood, the better.&amp;lt;/blockquote&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French notes that many libertarians view strategic default as a breach of ethics and contractual obligation. He reminds readers that mortgages contain no provision for borrowers to return the home securing the note just because the home&#039;s value falls below the amount of money borrowed. Similarly, the lender has no claim on any profit a borrower might make if the home sells for more than the amount borrowed. &amp;quot;The borrower and lender aren&#039;t partners&amp;quot;&amp;lt;ref&amp;gt;page 5&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French then reminds readers that &amp;quot;The laws of economics have leveled the government&#039;s 90-year housing agenda and individuals should not be demonized for obeying those laws.&amp;quot;&amp;lt;ref&amp;gt; page 6&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==Chapter Two: Double Standard==&lt;br /&gt;
Research indicates that homeowners are refraining from strategically defaulting because they wish to avoid feelings of shame associated with foreclosure and because they tend to overestimate the consequences associated with foreclosure. The notion that strategically defaulting on ones home is a shameful act has been encouraged and reinforced by the government. Former Treasury Secretary Hank Paulson said &amp;quot;any homeowner who can afford his mortgage payments but chooses to walk away from an underwater property is simply a speculator-and one who is not honoring his obligation.&amp;quot; The C.E.O of the Mortgage Bankers Association warned homeowners to consider the message that defaulting would send to &amp;quot;their family and their kids and their friends.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Though the government has been urging individuals to act against their financial well being and continue to make their mortgage payments even if they are underwater, big banks and commercial property owners are actively engaging in strategic defaults. Morgan Stanley strategically defaulted on 5 office buildings it unwisely purchased for $2.43 billion at the height of the bubble. The Morgan Stanley spokeswoman said &amp;quot;This ins&#039;t a default or foreclosure situation, we are going to give them the properties to get out of the loan obligation.&amp;quot;&amp;lt;ref&amp;gt;page 8&amp;lt;/ref&amp;gt; Similarly, Taubman Centers, Inc., strategically defaulted on a $135 million mortgage after the securing properties value fell to $52 million.&amp;lt;ref&amp;gt; page 9&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Corporate executives have a fiduciary obligation to act in the best interest of their shareholders, not their lenders. By strategically defaulting, managers are fulfilling their obligation. These corporations, some of which received government bailout money, are held to a different standard by the government than are individual citizens who are underwater and are paying taxes to bailout the banks.&lt;br /&gt;
&lt;br /&gt;
==References==&lt;br /&gt;
{{reflist}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Walk_Away&amp;diff=11018</id>
		<title>Walk Away</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Walk_Away&amp;diff=11018"/>
		<updated>2010-12-02T04:47:25Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Created page &amp;amp; started doing chapter synopsis&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Walk Away is a 77 page monograph written by Ludwig von Mises Institute President [[Douglas E. French]] in which he makes the case that it is not unethical or un-libertarian for an underwater homeowner to strategically default. &lt;br /&gt;
&lt;br /&gt;
==Introduction==&lt;br /&gt;
In the introduction, French posits that the American dream and civic religion of the 20th century centered around home ownership. The obsession with home ownership was largely the result of government programs and subsidies. Among the arguments proffered by the government and home-ownership advocates was that a mortgage was the best possible investment one could make due to perpetually increasing home values. French also notes that the government viewed home ownership as a kind of jobs program in a post-WWII economy in which women were to be &amp;quot;employed&amp;quot; as home makers rather than competing with returning veterans in the job market. &lt;br /&gt;
&lt;br /&gt;
The bursting of the housing bubble in 2007-2008 seriously undercut the ubiquitous belief that home values could never decrease. French writes that the drastic decline in home values, despite government interventions, caused many Americans to view both their homes and its contents very differently. According to French, for the first time in nearly a century, people began to resent their homes and copious possessions because these things tied them down and prevented them from being able to accept better employment employment opportunities in other parts of the country or world. &lt;br /&gt;
&lt;br /&gt;
French observes that young people are recapturing the &amp;quot;pioneer spirit&amp;quot; of early American history and trading their homes and possessions for greater mobility and economic opportunity. Digital technology, French believes, &amp;quot;has made it possible to do untraditional jobs while living anywhere, and perhaps changing one&#039;s location every year or two.&amp;quot;&amp;lt;ref&amp;gt;Walk Away: The Rise and Fall of the Home-Ownership Myth, p. iv&amp;lt;/ref&amp;gt; The disillusionment with housing and the realization that the higher-order good does not possess magical properties caused many Americans to realize that continuing to pay more for their houses than they are worth is not a prudent. &lt;br /&gt;
&lt;br /&gt;
French concludes his introduction with the assertion that, despite the official rhetoric of politicians, there is no ethical objection to the practice of strategic default. He contents that &amp;quot;It is an extension of economic rationality.&amp;quot;&amp;lt;ref&amp;gt; page v &amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==Chapter one: What is Strategic Default?==&lt;br /&gt;
&amp;quot;Strategic default is when homeowners stop paying on their mortgages when, in fact, they can afford to make payments, but choose not to because the house that serves as collateral for the loan is worth considerably less than the loan balance.&amp;quot;&amp;lt;ref&amp;gt; page 1 &amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French writes that in 2010, nearly 1/3 of foreclosures were strategic defaults and that many academics believe that the historical stigma associated with defaulting is being eroded. He relays a hypothetical example, based on real data for the Salinas, California housing market, in which it would take around 60 years for a homeowner to recover their equity.&amp;lt;ref&amp;gt; page 1-3&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French writes that in many of the regions in which the housing market was hottest during the boom, between 70-80% of homeowners were estimated to owe more than their home was worth in 2010. Additionally, predictions for 2011 put nearly half of all American homeowners(25 million)&amp;quot;under water.&amp;quot; &amp;lt;ref&amp;gt;page 3&amp;lt;/ref&amp;gt; The time the foreclosure process takes varies by state from months to several years. French believes that the estimate that 6 million homes await foreclosure, in addition to the 7 million already seized by lenders may be conservative. The estimated 6 million homes awaiting foreclosure is small relative to the estimated 11-15 million homes with negative equity.&amp;lt;ref&amp;gt; page 4&amp;lt;/ref&amp;gt; &lt;br /&gt;
&lt;br /&gt;
French explains that the government has a vested interest in the American housing market and has been manipulating it since President Hoover&#039;s &amp;quot;Own Your Own Home&amp;quot; initiative which began before the Great Depression. &lt;br /&gt;
&amp;lt;blockquote&amp;gt;Owner-occupied housing not only provides employment, but each homeowner has a stake in their community and their country. An ownership society is a compliant society. those with an ownership stake recognize the need for the kind of security that big government can provide. Homeowners have something to protect and look to government to provide that protection. And a big mortgage that takes 30 years to retire keeps the family focused on what&#039;s important-paying for their American dream. there&#039;s no time to be concerned with the size of government, there are house payments to make.&amp;lt;/blockquote&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&amp;lt;blockquote&amp;gt;Nothing makes a suburban American family sleep better at night than knowing that the military is fighting the bad guys on foreign soil to protect their happy hoe while their hobs are made secure by wise economists at the Federal Reserve who are making all the right interest rate moves. And the more local cops on the beat keeping an eye on the neighborhood, the better.&amp;lt;/blockquote&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French notes that many libertarians view strategic default as a breach of ethics and contractual obligation. He reminds readers that mortgages contain no provision for borrowers to return the home securing the note just because the home&#039;s value falls below the amount of money borrowed. Similarly, the lender has no claim on any profit a borrower might make if the home sells for more than the amount borrowed. &amp;quot;The borrower and lender aren&#039;t partners&amp;quot;&amp;lt;ref&amp;gt;page 5&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
French then reminds readers that &amp;quot;The laws of economics have leveled the government&#039;s 90-year housing agenda and individuals should not be demonized for obeying those laws.&amp;quot;&amp;lt;ref&amp;gt; page 6&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==Chapter Two: Double Standard==&lt;br /&gt;
Research indicates that homeowners are refraining from strategically defaulting because they wish to avoid feelings of shame associated with foreclosure and because they tend to overestimate the consequences associated with foreclosure. The notion that strategically defaulting on ones home is a shameful act has been encouraged and reinforced by the government. Former Treasury Secretary Hank Paulson said &amp;quot;any homeowner who can afford his mortgage payments but chooses to walk away from an underwater property is simply a speculator-and one who is not honoring his obligation.&amp;quot; The C.E.O of the Mortgage Bankers Association warned homeowners to consider the message that defaulting would send to &amp;quot;their family and their kids and their friends.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Though the government has been urging individuals to act against their financial well being and continue to make their mortgage payments even if they are underwater, big banks and commercial property owners are actively engaging in strategic defaults. Morgan Stanley strategically defaulted on 5 office buildings it unwisely purchased for $2.43 billion at the height of the bubble. The Morgan Stanley spokeswoman said &amp;quot;This ins&#039;t a default or foreclosure situation, we are going to give them the properties to get out of the loan obligation.&amp;quot;&amp;lt;ref&amp;gt;page 8&amp;lt;/ref&amp;gt; Similarly, Taubman Centers, Inc., strategically defaulted on a $135 million mortgage after the securing properties value fell to $52 million.&amp;lt;ref&amp;gt; page 9&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Corporate executives have a fiduciary obligation to act in the best interest of their shareholders, not their lenders. By strategically defaulting, managers are fulfilling their obligation. These corporations, some of which received government bailout money, are held to a different standard by the government than are individual citizens who are underwater and are paying taxes to bailout the banks.&lt;br /&gt;
&lt;br /&gt;
==References==&lt;br /&gt;
{{reflist}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6991</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6991"/>
		<updated>2010-12-01T18:05:57Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Changed heading to United States, added image gallery for french pics&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===United States===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
Doug French and Deanna Forbush wear matching Roaming Hats at the gun range:&lt;br /&gt;
&lt;br /&gt;
{|&lt;br /&gt;
| [[File:french_hat_1.JPG|300px|thumb|Roaming hat visits gun range]]&lt;br /&gt;
| [[File:forbush_hat.JPG|300px|thumb|Roaming hat takes aim]][[File:french_forbush_hat.JPG|300px|thumb]]&lt;br /&gt;
| [[File:french_hat_2.JPG|300px|thumb|Roaming hat makes a long shot]]&lt;br /&gt;
|}&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
Brandon Hill, Mises Store Manager, overlooking Playa Flamingo, CR&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|300px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==External Links==&lt;br /&gt;
[http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx Purchase at Mises.org store]&lt;br /&gt;
&lt;br /&gt;
[http://www.facebook.com/pages/Misesorg-Roaming-Hat/176228329055897 Roaming Hat on facebook]&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:French_hat_2.JPG&amp;diff=10976</id>
		<title>File:French hat 2.JPG</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:French_hat_2.JPG&amp;diff=10976"/>
		<updated>2010-11-30T22:43:00Z</updated>

		<summary type="html">&lt;p&gt;Briggs: French at gun range in mises.org black cap&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;== Summary ==&lt;br /&gt;
French at gun range in mises.org black cap&lt;br /&gt;
== Licensing ==&lt;br /&gt;
{{Public domain}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:French_forbush_hat.JPG&amp;diff=10975</id>
		<title>File:French forbush hat.JPG</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:French_forbush_hat.JPG&amp;diff=10975"/>
		<updated>2010-11-30T22:38:26Z</updated>

		<summary type="html">&lt;p&gt;Briggs: French and Forbush wear matching mises.org black caps at gun range&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;== Summary ==&lt;br /&gt;
French and Forbush wear matching mises.org black caps at gun range&lt;br /&gt;
== Licensing ==&lt;br /&gt;
{{Public domain}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:Forbush_hat.JPG&amp;diff=10974</id>
		<title>File:Forbush hat.JPG</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:Forbush_hat.JPG&amp;diff=10974"/>
		<updated>2010-11-30T22:35:43Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Deanna Forbush wearing mises.org black cap at gun range&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;== Summary ==&lt;br /&gt;
Deanna Forbush wearing mises.org black cap at gun range&lt;br /&gt;
== Licensing ==&lt;br /&gt;
{{Public domain}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:French_hat_1.JPG&amp;diff=10973</id>
		<title>File:French hat 1.JPG</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:French_hat_1.JPG&amp;diff=10973"/>
		<updated>2010-11-30T22:29:11Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Doug French &amp;amp; Deanna Forbush at gun range wearing mises.org black cap&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;== Summary ==&lt;br /&gt;
Doug French &amp;amp; Deanna Forbush at gun range wearing mises.org black cap&lt;br /&gt;
== Licensing ==&lt;br /&gt;
{{Public domain}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki_talk:Roaming_Hat&amp;diff=7461</id>
		<title>Austrian Economics Wiki talk:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki_talk:Roaming_Hat&amp;diff=7461"/>
		<updated>2010-11-18T17:17:20Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;I&#039;m thinking this may be better suited for [[MisesWiki:Roaming Hat]], as it&#039;s more of an internal initiative than an article describing the phenomenon. --[[User:Forgottenman|Forgottenman]] ([[User talk:Forgottenman|talk]]) 15:01, 15 November 2010 (CST)&lt;br /&gt;
&lt;br /&gt;
I&#039;m sorry, I don&#039;t follow what you are saying. Where should it be moved? [[User:Briggs|Briggs]] 15:55, 16 November 2010 (CST)&lt;br /&gt;
:Wikis have namespaces: so there&#039;s the &amp;quot;main&amp;quot; namespace for encyclopedia-type articles (like [[Ludwig von Mises]]).  There&#039;s also a MisesWiki namespace, which is where internal pages go – [[MisesWiki:About]] or [[MisesWiki:Copyrights]].  They are identified by the prefix MisesWiki.  On Wikipedia, the &amp;quot;Wikipedia&amp;quot; namespace is used for the same kinds of things (About, Copyrights, other stuff) but also pages like [[wikipedia:Wikipedia:Department of Fun]].  I think this page (with the goal of getting other users to add pictures to it) fits more into the &amp;quot;fun&amp;quot; / internal side of things rather than &amp;quot;the global repository of classical-liberal thought.&amp;quot; --[[User:Forgottenman|Forgottenman]] ([[User talk:Forgottenman|talk]]) 19:02, 16 November 2010 (CST)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
I&#039;m happy with whatever you think is best, as long as it can be found just as easily. If you do move it and it gets a new address, please let me know so that I can update the various links. [[User:Briggs|Briggs]] 11:11, 18 November 2010 (CST)&lt;br /&gt;
:I&#039;ve made the move.  We can leave the redirect in place indefinitely, until someone wants to create an encyclopedia-type article on the phenomenon.  At that point we can still put a link at the top to the new location. --[[User:Forgottenman|Forgottenman]] ([[User talk:Forgottenman|talk]]) 11:15, 18 November 2010 (CST)&lt;br /&gt;
::Sounds great! Thanks! [[User:Briggs|Briggs]] 11:17, 18 November 2010 (CST)&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki_talk:Roaming_Hat&amp;diff=7458</id>
		<title>Austrian Economics Wiki talk:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki_talk:Roaming_Hat&amp;diff=7458"/>
		<updated>2010-11-18T17:11:26Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;I&#039;m thinking this may be better suited for [[MisesWiki:Roaming Hat]], as it&#039;s more of an internal initiative than an article describing the phenomenon. --[[User:Forgottenman|Forgottenman]] ([[User talk:Forgottenman|talk]]) 15:01, 15 November 2010 (CST)&lt;br /&gt;
&lt;br /&gt;
I&#039;m sorry, I don&#039;t follow what you are saying. Where should it be moved? [[User:Briggs|Briggs]] 15:55, 16 November 2010 (CST)&lt;br /&gt;
:Wikis have namespaces: so there&#039;s the &amp;quot;main&amp;quot; namespace for encyclopedia-type articles (like [[Ludwig von Mises]]).  There&#039;s also a MisesWiki namespace, which is where internal pages go – [[MisesWiki:About]] or [[MisesWiki:Copyrights]].  They are identified by the prefix MisesWiki.  On Wikipedia, the &amp;quot;Wikipedia&amp;quot; namespace is used for the same kinds of things (About, Copyrights, other stuff) but also pages like [[wikipedia:Wikipedia:Department of Fun]].  I think this page (with the goal of getting other users to add pictures to it) fits more into the &amp;quot;fun&amp;quot; / internal side of things rather than &amp;quot;the global repository of classical-liberal thought.&amp;quot; --[[User:Forgottenman|Forgottenman]] ([[User talk:Forgottenman|talk]]) 19:02, 16 November 2010 (CST)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
I&#039;m happy with whatever you think is best, as long as it can be found just as easily. If you do move it and it gets a new address, please let me know so that I can update the various links. [[User:Briggs|Briggs]] 11:11, 18 November 2010 (CST)&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6989</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6989"/>
		<updated>2010-11-16T23:50:56Z</updated>

		<summary type="html">&lt;p&gt;Briggs: /* Central &amp;amp; South America */ resized pic&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
Brandon Hill, Mises Store Manager, overlooking Playa Flamingo, CR&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|300px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==External Links==&lt;br /&gt;
[http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx Purchase at Mises.org store]&lt;br /&gt;
&lt;br /&gt;
[http://www.facebook.com/pages/Misesorg-Roaming-Hat/176228329055897 Roaming Hat on facebook]&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6988</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6988"/>
		<updated>2010-11-16T23:42:43Z</updated>

		<summary type="html">&lt;p&gt;Briggs: /* External Links */ added space between links&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
Brandon Hill, Mises Store Manager, overlooking Playa Flamingo, CR&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|200px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==External Links==&lt;br /&gt;
[http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx Purchase at Mises.org store]&lt;br /&gt;
&lt;br /&gt;
[http://www.facebook.com/pages/Misesorg-Roaming-Hat/176228329055897 Roaming Hat on facebook]&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6987</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6987"/>
		<updated>2010-11-16T23:42:08Z</updated>

		<summary type="html">&lt;p&gt;Briggs: /* External Links */ added facebook link&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
Brandon Hill, Mises Store Manager, overlooking Playa Flamingo, CR&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|200px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==External Links==&lt;br /&gt;
[http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx Purchase at Mises.org store]&lt;br /&gt;
[http://www.facebook.com/pages/Misesorg-Roaming-Hat/176228329055897 Roaming Hat on facebook]&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6986</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6986"/>
		<updated>2010-11-16T22:31:17Z</updated>

		<summary type="html">&lt;p&gt;Briggs: /* Central &amp;amp; South America */ fixed typo&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
Brandon Hill, Mises Store Manager, overlooking Playa Flamingo, CR&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|200px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==External Links==&lt;br /&gt;
[http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx Purchase at Mises.org store]&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6985</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6985"/>
		<updated>2010-11-16T22:30:16Z</updated>

		<summary type="html">&lt;p&gt;Briggs: added external links section&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
Brandon Hill, Mises Store manager overlooking Playa Flamingo, CR&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|200px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
==External Links==&lt;br /&gt;
[http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx Purchase at Mises.org store]&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki_talk:Roaming_Hat&amp;diff=7456</id>
		<title>Austrian Economics Wiki talk:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki_talk:Roaming_Hat&amp;diff=7456"/>
		<updated>2010-11-16T21:55:22Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;I&#039;m thinking this may be better suited for [[MisesWiki:Roaming Hat]], as it&#039;s more of an internal initiative than an article describing the phenomenon. --[[User:Forgottenman|Forgottenman]] ([[User talk:Forgottenman|talk]]) 15:01, 15 November 2010 (CST)&lt;br /&gt;
&lt;br /&gt;
I&#039;m sorry, I don&#039;t follow what you are saying. Where should it be moved? [[User:Briggs|Briggs]] 15:55, 16 November 2010 (CST)&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6981</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6981"/>
		<updated>2010-11-16T21:51:56Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbox on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|200px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6980</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6980"/>
		<updated>2010-11-16T21:49:42Z</updated>

		<summary type="html">&lt;p&gt;Briggs: added costa rica pix&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
The &#039;&#039;&#039;Roaming Hat&#039;&#039;&#039; is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[Help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat:&lt;br /&gt;
&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px]][[File:Pacey_cap_2.jpg|300px|Roaming Hat on stage]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
===Central &amp;amp; South America===&lt;br /&gt;
&amp;lt;center&amp;gt;&lt;br /&gt;
[[File:Cap_in_costa_rica.JPG|200px|center|thumb|Roaming Hat visits Costa Rica]]&lt;br /&gt;
&amp;lt;/center&amp;gt;&lt;br /&gt;
&lt;br /&gt;
[[Category:Mises Institute]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:Cap_in_costa_rica.JPG&amp;diff=9290</id>
		<title>File:Cap in costa rica.JPG</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:Cap_in_costa_rica.JPG&amp;diff=9290"/>
		<updated>2010-11-16T21:43:30Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:Pacey_cap_1.jpg&amp;diff=6997</id>
		<title>File:Pacey cap 1.jpg</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:Pacey_cap_1.jpg&amp;diff=6997"/>
		<updated>2010-11-12T22:02:47Z</updated>

		<summary type="html">&lt;p&gt;Briggs: uploaded a new version of &amp;amp;quot;File:Pacey cap 1.jpg&amp;amp;quot;&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6977</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6977"/>
		<updated>2010-11-12T22:00:13Z</updated>

		<summary type="html">&lt;p&gt;Briggs: /* Rock Band Pictures */&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat.&lt;br /&gt;
&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px|center]]&lt;br /&gt;
&lt;br /&gt;
[[File:Pacey_cap_2.jpg|350|center|Roaming Hat on stage]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6976</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6976"/>
		<updated>2010-11-12T21:59:34Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat.&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px|center]]&lt;br /&gt;
&lt;br /&gt;
[[File:Pacey_cap_2.jpg|350|center|Roaming Hat on stage]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6975</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6975"/>
		<updated>2010-11-12T21:58:22Z</updated>

		<summary type="html">&lt;p&gt;Briggs: fixed page and added pictures&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; these people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;br /&gt;
&lt;br /&gt;
===Rock Band Pictures===&lt;br /&gt;
&lt;br /&gt;
Pacey, lead singer of rock band [http://www.fly-byradio.com/ Fly-by Radio], wears the Roaming Hat.&lt;br /&gt;
[[File:Pacey_cap_1.jpg|300px|center]]&lt;br /&gt;
&lt;br /&gt;
[[File:Pacey_cap_2.jpg|350|center|Roaming Hat on stage]]&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:Pacey_cap_2.jpg&amp;diff=6998</id>
		<title>File:Pacey cap 2.jpg</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:Pacey_cap_2.jpg&amp;diff=6998"/>
		<updated>2010-11-12T21:55:50Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:Pacey_cap_1.jpg&amp;diff=6996</id>
		<title>File:Pacey cap 1.jpg</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:Pacey_cap_1.jpg&amp;diff=6996"/>
		<updated>2010-11-12T21:49:57Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6974</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6974"/>
		<updated>2010-11-12T21:49:05Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; these people then upload a picture of themselves to this wiki page. &lt;br /&gt;
&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6973</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6973"/>
		<updated>2010-11-12T21:48:35Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; these people then upload a picture of themselves to this wiki page. &lt;br /&gt;
[[File:mises.org_black_cap.jpg‎|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6972</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6972"/>
		<updated>2010-11-12T21:47:28Z</updated>

		<summary type="html">&lt;p&gt;Briggs: &lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; these people then upload a picture of themselves to this wiki page. &lt;br /&gt;
[[File:Mises.org_black_cap.jpg|100px|thumb|right|mises.org black cap]]&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6971</id>
		<title>Austrian Economics Wiki:Roaming Hat</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=Austrian_Economics_Wiki:Roaming_Hat&amp;diff=6971"/>
		<updated>2010-11-12T21:47:11Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Created page with &amp;quot;The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von...&amp;quot;&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;The Roaming Hat is a concept based upon the well known [http://en.wikipedia.org/wiki/Roaming_gnome Roaming Gnome] phenomenon. Libertarians, Austrians and fans of the [[Ludwig von Mises Institute]] wear the newly released [http://mises.org/store/Misesorg-Black-Cap-Reebok-P10427C79.aspx black mises.org cap] when traveling to famous landmarks around the globe or while doing particularly unique activities; these people then upload a picture of themselves to this wiki page. &lt;br /&gt;
[[File:Mises.org_black_cap.jpg|100px|thumb|right|mises.org black cap]&lt;br /&gt;
==Purpose==&lt;br /&gt;
The purpose of the Roaming Hat campaign is to demonstrate, in a unique and fun way, that Austrians and libertarians are not as isolated as they may sometimes feel. Supporters of the ideas promoted by the Mises Institute are everywhere and are extraordinarily diverse. Participants in the Roaming Hat help spread the idea of personal and economic liberty across the globe while strengthening the community of those already devoted to liberty.&lt;br /&gt;
&lt;br /&gt;
==Pictures==&lt;br /&gt;
Anyone wishing to share their Roaming Hat pictures should use the upload option in the toolbar on the left then visit the [[help:Files]] to learn how to insert the photo.&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
	<entry>
		<id>https://wiki.freecapitalists.org/index.php?title=File:Mises.org_black_cap.jpg&amp;diff=6970</id>
		<title>File:Mises.org black cap.jpg</title>
		<link rel="alternate" type="text/html" href="https://wiki.freecapitalists.org/index.php?title=File:Mises.org_black_cap.jpg&amp;diff=6970"/>
		<updated>2010-11-12T21:44:18Z</updated>

		<summary type="html">&lt;p&gt;Briggs: Stock image of mises.org black Reebok cap&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;== Summary ==&lt;br /&gt;
Stock image of mises.org black Reebok cap&lt;br /&gt;
== Licensing ==&lt;br /&gt;
{{Public domain}}&lt;/div&gt;</summary>
		<author><name>Briggs</name></author>
	</entry>
</feed>