Joseph T. Salerno is Professor of Economics and Finance in the Lubin School of Business at Pace University. He received his Ph.D. in economics from Rutgers University, and he is the editor of the Quarterly Journal of Austrian Economics; Academic Vice President of the Ludwig von Mises Institute; a member of the editorial board of the of Procesos de Mercado (Market Processes); Research Associate for the Foundations of the Market Economy in the economics department at New York University; and a Policy Expert for the Heritage Foundation.