Other Schools of Thought

The collectivistic and neomercantilistic writers of today seek prosperity along a road that necessarily takes us further and further away from peace.

Ludwig von Mises was the great opponent of John Maynard Keynes. In this blistering article, appearing for the first time online, Mises unmasks Keynes as an advocate of the pseudoscience of monetary magic.

Modern economics claims that quantitative methods are central to understanding economic analysis. Mises demonstrated why this belief is untrue.

Here is Murray N. Rothbard's 1968 demolition of trends in conservative thought, as printed in Ramparts magazine.

Mainstream academic economists believe that we advance economics by "testing" theories. Austrian economists believe economics is about understanding human action and does not have to be subjected to constant tests.

On Keynes's book has been founded a new economic church, completely furnished with all the properties proper to a church, such as a revelation of its own, a rigid doctrine, a symbolic language, a propaganda, a priestcraft, and a demonology.

Fascism cartelizes the private sector and denies fundamental rights and liberties to individuals. This describes mainstream politics.

In the 1950s, young libertarians coming into the ranks were increasingly infected with the Cold War mentality. They were converted to militarism instead of laissez-faire. 

Libertarians must form and maintain organizations not only to promote their broad principles but to promote these principles in special fields.

An advisor of Richard Nixon and a friend of most Administration economists, Friedman has, in fact, served the regime as a sort of leading unofficial apologist for Nixonite policy.