Political Theory

"Because of rate busting, society as a whole will move toward greater and greater satisfaction and prosperity."

The economist who knows no history understands far less than his opposite number in the historical profession; but his claims are far greater. Therefore, he is much wider off the mark.

Decades before the socialists gained power, Eugen Richter saw the writing on the wall. The great tragedy of the 20th century is that the world had to learn about totalitarian socialism from bitter experience, instead of Richter's inspired novel. Many failed to see the truth until the Berlin Wall went up. By then, alas, it was too late.

From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank

The Soviet Union produced the most effective and successful propaganda machine in the history of mankind. Mikhail Suslov was that machine, and that machine was Mikhail Suslov.

Who then will bear witness in court? Whoever wishes to do so, freely and voluntarily.

"If this mania increases we shall slide into a social order under which everyone has one hand in the pocket of another."

In the 1940s and early ‘50s, a school of establishment historians existed who made it their business to extol the virtues of the “Great

The fact is that, exactly as Mark Lilla fears, when people distrust authority in a generalized way and start thinking for themselves, often without much relevant information to guide them, they'll make many decisions that they'll later regret. But whose decisions are they to make?

Rothbard was a man of great achievement and immense scholarship, an indefatigable worker, and the most significant anarchist writer then living — i