No, Conservatives Should Not Embrace MMT
Reading Jonathan Culbreath’s “Modern Monetary Theory for Conservatives” one can’t help but think of Murray Rothbard’s quip that “it is not a crime to be ignorant of economics … but it is totally irresponsible to have a loud and vociferous opinion
The American Rescue Plan: Limits of the Highly Visible
“We believe that hindsight will show the champion of head-smacking craziness in the American stock market to be the period playing out right now.”~ Paul Singer, letter to Elliott Management shareholders, January 28, 2021 Who says finance has to be boring?
Bob Murphy on Rothbard’s What Has Government Done to Our Money?
Rothbard called Mises's The Theory of Money and Credit "the best book on money ever written." But Rothbard himself may have written the best money book for lay readers, namely What Has Government Done to Our Money? Bob Murphy joins the show to
The Fundamental Economic Problem with Biden’s Rescue Plan
March 31 gave us a statement on the American Jobs Plan, and April 28 saw President Joe Biden speak on it to the American people (well, roughly 8 percent of the American people). The goal of the law is the following: While the
Lord Acton: Libertarian Hero
[Originally published April 4, 2006, at LewRockwell.com] "You would spare these criminals, for some mysterious reason. I would hang them higher than Haman, for reasons of quite obvious justice; still more, still higher, for the sake of historical science."1 Thus ends a
Murray Rothbard as a Philosopher
Murray Rothbard was a polymath, and philosophy is one of the fields to which he made important contributions. When people think of him as a philosopher, though, they often have in mind only his work in ethics and political philosophy,
Milton Friedman’s Methodological Mistake
In 1966, famed Chicago School economist Milton Friedman wrote a hugely influential essay on the methodology of economics entitled "The Methodology of Positive Economics" (contained in the volume Essays in Positive Economics). In distinguishing economics as a “positive science”, Friedman
Tobacco Smokers: America’s Most Persecuted Minority
[Editor's Note: following reports that the Biden administration is planning to ban menthol cigarettes and flavored cigarettes, the following is an article by Murray Rothbard written in August 1994.] Quick: Which is America’s Most Persecuted Minority? No, you’re wrong. (And it’s not
Local Nullification: A Way to Fight Both State and Federal Despots
Throughout American history, decentralists have championed “states’ rights” as the winning strategy for freedom, but what if that’s not enough? After all, states, in many cases, have themselves become instruments of grave tyranny. What are citizens to do when their
Vengeance and Sacrifice: Whiteness as Scapegoat in Critical Race Theory and Critical Whiteness Studies
The usual criticisms of critical race theory (CRT) have become patent and cliché by now. CRT essentializes race and those within races, figuring all white people as racist and all black people oppressed. It treats people not as individuals with