More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the century.
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Murray N. Rothbard
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Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
Foreword We do not need a technocratic elite to manage the supply of money. In these three short articles, Murray N. Rothbard removes the Federal Reserve’s veil of scientific mystique to reveal a wholly unnecessary and malignant system. Rothbard
[This article is excerpted from An Austrian Perspective on the History of Economic Thought (1995), volume 2, chapter 9: “Roots of Marxism: Messianic Communism,” section 3, “The Conspiracy of the...
New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition was also in firm and...
