This has little to do with Austrian economics, but I was just overjoyed and had to share this.
http://www.reuters.com/article/newsOne/idUSLR3244020090927
Amidst all the doom and gloom, here's some hope in Germany: the socialists have been routed, the conservatives are barely holding on, and the Free Democrats have increased their share of power by 50%.
This means that, in Germany, the country where socialism was all but invented, the Social-Democrats (the oldest socialist party in the world I believe) have been wiped from power in the midst of the worst economic crisis since the war. It means that people no longer believe in socialism as a cure to the crisis.
I know that democracy means it's only a matter of time before they return, but we may have earned some precious time.
And here's some extra gloating
BERLIN (Reuters) - Germany's Social Democrat (SPD) chancellor candidate Frank-Walter Steinmeier conceded defeat in the federal election on Sunday after his party suffered its worst result since World War Two.
"The voters have decided and the result is a bitter day for German Social Democracy ... there is no way of talking it up -- the result is a bitter defeat," Steinmeier told party members gathered in Berlin after exit polls showed conservative Chancellor Angela Merkel heading for a new center-right coalition with the liberal Free Democrats.
http://www.reuters.com/article/newsOne/idUKTRE58Q1KU20090927
The fallacies of intellectual communism, a compilation - On the nature of power
I read a news article a couple days ago that the boggie-man Bin Laden and Al-Qaeda supposedly threatened Germany if Merkel gets re-elected.