Rothbard and Adam Smith
We continue our look at Murray Rothbard's two volume An Austrian Perspective on the History of Economic Thought with a show focused on Adam Smith. Rothbard attacked him mercilessly as a plagiarist who set economic theory back decades with his
How Praxeology Helps Us Understand the Real World
Critics of praxeology often claim that it is isn’t really one of the sciences. It isn’t about the empirical world but is mere idle play with words. In this week’s column, I’d like to look at some remarks that the
The Roots of the Afghanistan War
After completing a controversial withdrawal from Afghanistan in late August, the United States is facing valid questions about the legitimacy of its foreign escapades launched in the last twenty years under the banner of fighting terrorism. It would be wishful thinking
Assam’s bold move on World Rhino Day
In an event to mark World Rhino Day, the Assam government burned a stockpile of rhino horns to dispel the misconception that they have therapeutic value and send a strong message against rhino poaching and smuggling of its components. Himanta
The Afghan Scam
[Column written by Murray Rothbard for the New Libertarian 4, no. 7 (April-June 1980): 13–15.] The Iran/Afghanistan crises have been a god-send to Jimmy Carter. From being lowest in the polls of any President in American history, Carter has vaulted to
“Shortages” Aren’t Causing Inflation. Money Creation Is.
For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded
Why Worrying about Everything Is Bad Foreign Policy
The Stupidity of War: American Foreign Policy and the Case for Complacencyby John MuellerCambridge University Press, 2021, 332 pp. The subtitle of John Mueller’s excellent new book suggests that something unusual is in store for the reader. If someone is called
The Economic Foundations of Freedom
[Economic Freedom and Interventionism (1980)] Animals are driven by instinctive urges. They yield to the impulse that prevails at the moment and peremptorily asks for satisfaction. They are the puppets of their appetites. Man's eminence is to be seen in the fact
It’s Wrong to Draft Women. It’s Also Wrong to Draft Men.
As in many previous years, this year’s National Defense Authorization Act (NDAA) is chock-full of terrible legislation slyly inserted into the NDAA for the purposes of concealing matters from the public. Both parties have been long guilty of this, with
Why Does Money Have Value? Not Because the Government Says It Does.
Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies