The award, which the Nobel committee said was for Obama's "extraordinary efforts to strengthen international diplomacy and cooperation between peoples," comes as he presides over wars in Iraq and Afghanistan and faces an American public that is increasingly skeptical about the U.S.-led efforts there. Read more HERE.

The worst evils which mankind has ever had to endure were inflicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster. -- Ludwig von Mises