Rothbard Week: 5 Great Things About Murray

Ryan McMaken and Tho Bishop discuss five reasons why Rothbard’s work is so memorable. From his fearlessness in the face of opposition, to his commitment to peace and decency, Rothbard provides us with a model of principled scholarship. Additional Resources “Nations by Consent”: Egalitarianism as a Revolt Against Nature, […]

Public Schools Refuse to Open. Give the Taxpayers Their Money Back

In many school districts across the nation, public school teachers still don’t want to go back to work. Private sector workers have long been hard at work in kitchens, at construction sites, and in hardware and grocery stores. Meanwhile, from Seattle, to Los Angeles, and to Berkeley, California, Teachers’ Union representatives […]

Playing Games with Stocks

The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available. The populist version of the story goes like this: a few thousand angry gamers, colluding via the now infamous WallStreetBets subreddit, brought at least one powerful hedge fund to its knees. Melvin Capital and other […]

Rothbard Teaches Us Never to Sacrifice the Ethics of Liberty to Make People Comfortable with the Idea

By: Daniella Bassi This week is Murray Rothbard’s birthday. It’s an opportunity to marvel at what a remarkable theorist he was, and in my estimation The Ethics of Liberty was his greatest contribution to the world he left behind and to the countless generations that will follow. Just as most […]

Economics In One Lesson Is Still the Best Layman’s Intro to Economics

A line in a recent National Post news story left me aghast: “Economists are nearly unanimous in their support for the $381-billion deficit Ottawa plans to run in 2021.” One of Canada’s more reasonable newspapers, founded by Conrad Black, published the outlandish notion that unprecedented Keynesian deficit spending is plain-vanilla economics. This assertion, […]

Even without “Qualified Immunity,” It Won’t Be Easy to Prove When Police Are Abusive

When police ineptly scanned a car’s license plate and wrongly decided the car was stolen, they proceeded to force a group of children to the ground at gunpoint. Will this qualify as a rights violation if “qualified immunity” is absent? The courts will decide.  Original Article: “Even without “Qualified Immunity,” […]

Bitcoin, Gold, and the Rush to National Digital Currencies

A money which can be held in only one form, whether digital coin (as in the case of bitcoin), or banknote, or sight deposit, or metallic coin, for example, is crippled. Yet, exclusive digital form has become a huge selling point for the promotors of bitcoin. Original Article: “Bitcoin, Gold, […]

Will 2021 Be the Year of the Revolution?

By: Jeffrey Overall On the heels of the COVID-19 pandemic, unprecedented socioeconomic challenges have emerged on a global scale, including growing resentment toward: government-enforced lockdowns, government corruption, inequality, and climate change. In the United States alone, the economic costs of the pandemic have been estimated at $16 trillion. With international […]

When I Toured East Berlin with Murray Rothbard

The year 1982 was life changing for me. It also was the year that I met Murray Rothbard and toured what then was East Berlin with him and his wife—and a host of others. And thanks to Rothbard and others in the Austrian school of economics, I was able to […]

The EU’s Woes Are a Political Problem, Not an Economic One

The European Union, at least in theory, is designed to allow residents to avail themselves of what are traditionally known as the “Four Fundamental Freedoms.” These are usually defined as the freedom of movement of goods, labor, services, and capital within and among member states of the trade bloc. Preserving economic […]

What We’ve Learned from Israel’s Covid Vaccine Program

The New England Journal of Medicine (NEJM) recently reported the results of a large-scale nationwide trial in Israel of the Pfizer covid vaccine, BNT162b2. The study concludes that the vaccine has high effectiveness against covid. The NEJM has a reputation of reporting accurate data, but the packaging and presentation of […]

In Defense of Savings

By: Peter G. Klein I can’t recall the last time I heard something on National Public Radio in defense of savings but, there it was, in this morning’s Marketplace segment on Karen Petrou’s new book Engine of Inequality: The Fed and the Future of Wealth in America. Savings, Petrou asserts, are the “engine of […]

PC 101: What’s Woke In English Is Sexist in Spanish

By: Mark Tovey Emma Corrin has won the Golden Globe Award for Best Actress in a TV Series for her portrayal of Princess Diana in Netflix’s The Crown. Confusingly, Miss Corrin rejects the use of the term “actress,” like so many left-wing luvvies. That didn’t stop her accepting the award, of […]

Rothbard’s Underappreciated Contributions to Public Goods Analysis

One of the primary justifications given for state provision of a good or service is that it is a “public good,” meaning that it is sufficiently costly to exclude nonpayers from enjoying the good and that one person’s enjoyment of the good doesn’t interfere with anyone else’s. Provision of such […]

The Economics and Ethics of Government Default, Part II

In the first installment of this series on government default, we examined the ethical status of the public debt and debt repudiation. Since the debt represents an unjust imposition on the taxpayers, we concluded that the moral thing to do would be to repudiate it and refuse to pay even […]

The Special Understanding of Entrepreneurship by Americans of the Austrian School

Austrian economics has always been on the leading edge of innovative thinking applicable to business. Back in the last century, there was a group of American economists of the Austrian school who greatly advanced theories related to subjectivism; that is, the role of human beliefs and preferences, and of the market […]

Murray Rothbard on War and “Isolationism”

[These edited extracts, from an interview in the February 1973 issue of Reason magazine, first ran in the June 1999 issue of the Rothbard-Rockwell Report.] Q: Why, in your view, is isolationism an essential tenet of libertarian foreign policy? A: The libertarian position, generally, is to minimize state power as much as possible, down […]

Stagflation Cometh

A gentleman who does work for us sent me a text recently saying the price of his supplies has increased 20 percent, so he wants to increase his monthly fee 10 percent. It was a nice way to ask, and I said sure, especially given that he’s willing to take […]

Why Rothbard Endures

This week we celebrate the life of Murray N. Rothbard, born on the second of March 1926, a Tuesday, in the Bronx. And what a Bronx it was, teeming with brilliant intellectuals, dedicated Communists, and rock-solid middle-class Americans like David and Rae Rothbard. The family would later become friendly with […]

The Great Reset, Part V: Woke Ideology

In previous articles, I’ve discussed the Great Reset and introduced several ways of understanding the economics of it. The Great Reset can be thought of as neofeudalism, as “corporate socialism,” as “capitalism with Chinese characteristics,” and in terms of “stakeholder capitalism” versus “neoliberalism.” In future installments, I intend to treat […]