 Okay, welcome ladies and gentlemen. I'm Joe Salerno, Director of Mises University and the Academic Vice President of the Mises Institute. Welcome to the 39th edition of Mises University, which has been held every year since 1986. And to begin with, I do want to thank our very generous donors who make Mises University possible. Please join me in giving them a well-deserved round of applause. That applause better be louder when I finish and you're applauding me. This week you will hear lectures from very distinguished faculty. I'm especially proud to inform you that 11 members of the faculty have attended Mises University as students. On the other hand, some of the older faculty members, such as myself, have sat in Murray Rothbard's living room at the very beginning of the Austrian economics revival way back in the 1970s. I was a very precocious five-year-old when I was a student. But regardless of age, most members of the faculty or all members of the faculty have devoted themselves to studying, teaching and writing on Austrian economics and philosophy and history related to Austrian economics for their entire careers. Other members of the faculty have been inspired by the works or all members of the faculty have been inspired by the works of Mises and Rothbard to write and teach on philosophy or history. So this week you'll have a wonderful opportunity to learn from the leading lights of the modern Austrian school. All we ask of you is that you take it seriously and take full advantage of the program we have prepared for you. Before I introduce the faculty, I have several reminders for students. Please remember to wear your name tags when attending Mises U sessions and meals. All students on scholarship are required to attend classes each class period. No visitors are allowed at meals, sessions or social hours unless they have a name tag. Finally, there are no speech codes or free speech zones at the Mises University. The entire institute is a free speech zone. So please feel free to express yourself frankly, express your thoughts to the faculty and your fellow students in a collegial and civil manner. That is, just be members of Christendom or Western civilization. That is the civilization of the world. And then I was told to say, please grab a box of books on your way out. The chess tournament registration opens at 8.30 p.m. The first 16 get to participate. The first 16 who register. I don't know how that's going to work out. I'd like now to introduce our distinguished faculty. Faculty, please stand when I call your names and please hold your applause until the end of all the introductions. Pear Bailand. Lucas Engelhardt. You can sit down, Pear. Tate Feigley. David Gordon. Stand up. Oh, you are. Jeffrey Herberner. Carl Friedrich Israel. Peter Klein. Oh, you're here. Sandy Klein. Jonathan Newman. Patrick Newman. Sean Rittenauer. Timothy Terrell. And Mark Thornton. Okay, thank you.