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Hello, I'm currently reading Rothbard's Man, Economy and State. Rothbard states in his discussion of the time structure of interest rates that the market tends to equalize the rates across the yield curve (pp. 445-450). I feel that Rothbard omitted an important discussion regarding the sensitivity...
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The founding fathers believed it was the right of the people to abolish the government once it no longer protected the natural rights of its citizens. They believed in secession - afterall, the Revolutionary War was fought so that the US could secede from Britain. According to Rothbardian logic, if you...
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Besides law, what were the differences in the theories between Murray N. Rothbard and David D. Friedman? I know that the latter came to his conclusions through utilitarian means, but were there any major differences in the conclusions themselves besides whether law would be agreed to or purchased on...
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[quote user="ama gi"] I hate to piss on your campfire, but who says that environmentalism is to blame? Do youo seriously think that free markets would never produce electricity from wind? [/quote] Nice way to straw man me. Where did I say that the free market would be unable to produce electricity...
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I am in the middle of "Ethics of Liberty" and I have a question regarding his explanation for private ownership of roads. Now lets say that the streets are privately owned and that individuals must pay a certain cost to enter onto the owner's property. I just bought a house on A Street...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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I’d like to look at the current crisis from a theoretical point of view. Consider the following model. Assume - we have a free market - everyone in this market can vote to and if more than 50% of the population votes for something, it becomes a rule. Let’s suppose that the majority (more...
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Hi all, I started reading Rothbard's "The Mystery of Banking" -- this is a fantastic book and I can't imagine why it ever went out of print! Anyway, this is my first exposure to this topic and I have little-to-no economics experience. I'm more than halfway through the book and almost...
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I have thus far found the Mystery of Banking to be an amazing book on the dynamics of the money system. But Rothbard's description of the fractional reserve system does not jive with what I have been taught and this definition becomes essential later on when he explains why fractional reserve banking...
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Wow, can't believe I missed this and it only got one response. Rothbard was a great economic historian, you can refer to the following works, available at Mises for free in various digital mediums and in print at the Store. America's Great Depression Free: http://mises.org/rothbard/agd.pdf Print...