Posts in "Murray Rothbard"

DMorris's picture
By Daniel Morris at 2:51PM

Clearing Up Some Misinformation, Part 2

In Part 1 of my commentary, called Clearing Up Some Misinformation, Part 1, I wrote about some of the incorrect characterization’s in President Obama’s speech about free markets and the policies of the 1920s as he addressed Osawatomie High School on December 6, 2011.  I focused on some general terms, such as ‘markets’ and ‘economy’ and I also focused heavily on the government policies of the 1920s and how they were not laissez –faire.  In part two, I will focus on the 1950s and 1960s and see how the President’s characterization stacks up to historical accuracy.  The President said in his speech: 

Now, it’s a simple theory [free market economics]. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker.  But here’s the problem: It doesn’t work. It has never worked.  It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade.  I mean, understand, it’s not as if we haven’t tried this theory.

The President says that the free market is not what led to the postwar booms of the 1950s and 1960s but implied that it was government working in concert with private industry that created prosperity.  So what did lead to the postwar booms of the ‘50s and ‘60s?


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DMorris's picture
By Daniel Morris at 12:47PM

Clearing Up Some Misinformation, Part 1

President Obama gave a speech at Osawatomie High School on December 6, 2011, where he declared freedom and free markets to be dead, unworkable ideas which have been tried and proven to fail.  The President claims that free people making decisions about how to allocate their labor and resources (the free market) is a simple theory that appeals to our rugged individualism, but that it does not work and has never worked:

… there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes -- especially for the wealthy -- our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.

Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker.  But here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade.  I mean, understand, it’s not as if we haven’t tried this theory.

With all the misinformation contained in these two paragraphs, I am not sure where to begin. 


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Megan Duffield's picture
By Megan Duffield at 11:00PM

Fed News Friday: What is Money in 2011?

This week, I decided we should lay down some foundational elements of discussion before we go any further. What would Fed News Friday be without understanding where all this money comes from or where it originated from?

If you are a fan of Murray Rothbard, you know that he loves dividing ham sandwiches and using tractors to explain the grief with bartering and currency. He also claims in The Case Against the Fed that money doesn't just appear as a medium of exchange. The government can't just close its eyes, spin around, and pick the money for a country. It develops. Today we may see that America uses paper currency, backed by debt, for purchases and though its worth amounts to nothing...the American people still exchange their hard work for it.

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Joseph Brown's picture
By Joseph Brown at 6:44PM

Rothbard's Ways to Promote Liberty on Campus (Part II)

Time for Part 2 of Rothbard's Ways to Promote Libertarian Ideas -- on campus! (Here is the link to part 1.) There are supposed to be 101 ways, but all I can find online are parts 1 and 2, which go up to #35.  Sorry folks, only a few of the remaining ones are still relevant -- but check the rest out anyway. Oh well, we can come up with well over 66 more ways ourselves!  Here are just a few:

30. Hold a Libertarian Festival -- a “teach-in” on libertarian views on a dozen subjects.

31. Is your university giving an honorary degree to a prominent politician, soldier, or corporation executive? Prepare a research profile on his career from a libertarian perspective. To what extent has he contributed to the preservation and extension of liberty?


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Joseph Brown's picture
By Joseph Brown at 7:32AM

Rothbard's Ways to Promote Libertarian Ideas on Campus

I recently discovered an article by Murray Rothbard online called 101 Ways to Promote Libertarian Ideas (Part I). To my surprise, most are directly about promoting libertarian ideas on campus! Here are a few of my favorite ones. Be on the lookout for Part II!

12. Have you ever recommended a book to your teacher? Why not? He doesn’t hesitate to recommend them to you! Tell him you would like to discuss it with him after he has read it. Flattery will get you everywhere!

14. A libertarian is not a book burner or witch hunter. But he is certainly entitled to know why a political science department ignores individualist anarchism in courses on political theory. Or Austrian economics in courses on economic theory. Or the contributions of Tucker, Warren, Spooner, Nock and Chodorov to American intellectual history. A letter of inquiry to the professor or department involved could change things.


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Jared Fuller's picture
By Jared Fuller at 9:06AM

Calling out Conservatives at the Tea Party

This past wave of tea-parties I was honored to give the keynote speech to over 2,500 people at a tea-party in Winston Salem, NC. 

My speech, however, was distinctly different than others given that day; in fact, I made it a point to call out the injustices of the GOP in recent years. The best part, though, is that the speech was delightfully eaten up by the crowd and I spent hours after the speech talking to people about the message I aimed to convey... and they all overwhelmingly agreed with me.

It's one thing to be right, it's another thing to convince someone you're right; it's not only about what you say, but how you say it. 

Watch the speech below; in my humble opinion, this is the way we can win over the right.

Matt Cockerill's picture
By Matt Cockerill at 7:38AM

Cockerill Interviews David Henderson

David Henderson, economics professor at the Naval Postgraduate School of Monterey California, research scholar the Hoover Institute, and columnist for antiwar.com and LewRockwell.com, was kind enough to do an interview with me recently.

David discussed the liberty-movement leaders young people ought to emulate, the problems he sees with the Austrian Theory of the business cycle, and the personal responsibility of the peacenik and soldier in fighting against, and not fighting in, an unjust war. I believe this is a very important interview for young people, in terms of broadening their mind and seriously challenging the status quo. As such, I didn't cut much of the interview and I ask you, the reader, to find a time to listen to it in full.

If you absolutely can't listen to the whole interview, then fast-forward to about 2:21 minutes into Part 4. Here, I ask David about the issues of peace and personal responsibility, and he gives what I consider to be a very thorough and important response.

Part 2, Part 3, Part 4, Part 5, Part 6.

Bonnie Kristian's picture
By Bonnie Kristian at 6:33AM

Hey An-Caps, I've got a question for you.

Those who've been reading my posts here for the year and a half or so that I've been making them (an impressive feat which I don't necessarily recommend) may have gleaned that I'm more of a minarchist libertarian than an anarcho-capitalist.  Yes, I very much appreciate Rothbard et al. -- read and learn from their works, and agree with many of their ideas, etc. -- but I'm not totally on board.  Nonetheless, YAL bloggers fortunately make up a broad spectrum of libertarianism, no doubt representing variations of anti-government thought on all sides of my own position, which is awesome and makes for a much, much better blog.

Anyway, enough prologue.  This morning I read this article by Dan McCarthy on his blog at TAC.  McCarthy (also not an an-cap) questions what he sees as some underlying egalitarian assumptions in anarcho-capitalism:

If the ghost of Murray Rothbard pressed a magic button and made the state disappear tomorrow, the result would not look like a Lockean state of nature, or even Nozick’s picture of a highly developed state of nature in which property and protective associations and whatnot exist....All the social power and leverage built up by groups that have benefited from or manipulated the state would still exist, and the reservoirs of wealth in these groups could readily be applied to creating a new justice system that would serve the same de facto ruling class as exists now.


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Matt Cockerill's picture
By Matt Cockerill at 5:10AM

"Murray Rothbard Was a Badass" -- An Interview with Walter Block

I had the great pleasure of interviewing libertarian stalwart Walter Block Friday afternoon. The great economist/philosopher discussed his personal story of coming to liberty, his remarkable memories of the brilliant Murray Rothbard, his view on a couple controversial applications of libertarian ideology --in age of consent laws and whether or not "free market" monopolies exist -- and the moral obligation of a libertarian living in a statist world.

Part 2, Part 3, and Part 4.

Matt Cockerill's picture
By Matt Cockerill at 6:20AM

"Mozart Was a Red"

This very funny play (starring a young Jeff Tucker) was performed at the Mises Institute in 1986 in celebration of Murray Rothbard's 60th birthday. The play was written by Rothbard a couple decades earlier. Apparently, his inspiration came from personal experience in Ayn Rand's extravagant social circles.