Political Theory

From Man, Economy, and State, narrated by Jeff Riggenbach.

Presented by Bob Higgs at the Mises Circle in New Orleans, 5 November 2011.

Presented by David Gordon at the Mises Circle in New Orleans, 5 November 2011.

In the end, this is the choice we face: the total state or total freedom. Which will we choose?

When politics isn't fomenting conflict, raising time preferences, and stupefying the nation, it is attenuating progress. Contrary to the incessant jabbering on the need for "change," all politicians despise change. Change erodes political power and undermines regimes.

Excerpted from the two-part speech presented in Vienna, Austria, on 21 September 2011.

Ron Paul runs an honest campaign. Unlike that of the typical politician who carefully tailors his speeches to match the prejudices or vested interests of his audience, Dr. Paul's message is always the same: fractional-reserve banking and fiat money are violations of historic legal principles.

Austrians have a different way of understanding history. For Rothbard, for example, a particular price datum is, no less than the Spanish-American War, a historical event, and its causes must be traced back to the subjective aims governing human plans and choices.

From Man, Economy, and State, narrated by Jeff Riggenbach.