The Memoranum did not only denounce debasement and call for a high-valued currency, but it also enunciated "Gresham's law" that the cause of a shortage of gold coin in England was the legal undervaluation of gold.
Rothbard’s vast published output does not exhaust his thinking and writing.
Rothbard maintains that one cannot consistently combine libertarian economic policies with international belligerence.
In the conviction of the inadequacy of the classical political economy, the Austrian economists and the adherents of the historical school agree. But in regard to the final cause of the inadequacy, there is a fundamental difference of opinion that has led to a lively contention over methods.
"And therefore whosoever rebelleth against any ruler either good or bad, rebelleth against GOD, and shall be sure of a wretched end."
These documents are a joyful alternative career of Rothbard’s writings and research, and as such inherently one of the most valuable (and mos
There are useful and rich nuggets covering every aspect of Rothbard's intellectual project, starting with his bold call for the necessity of a pure and unsullied libertarian set of institutions and activists.
We are certainly as far from capitalism in its pure form as we are from any system of central planning. The world of today is just interventionist chaos.
Whatever their motives may have been, whatever at any given moment they thought of themselves as doing, Anthony Ashley Cooper and John Locke advanced the libertarian idea, just as John Lilburne did. All three of them are part of the libertarian tradition.
However one may turn the matter, one cannot discover any reason why an ideological distortion of truth should be more useful to the bourgeoisie than a correct theory.
