Quarterly Journal of Austrian Economics

Volume 5, No. 4 (Winter 2002)

No matter what reform proposal is adopted, the state will attempt to strike back against it to restore to itself the immense benefits it receives from the existing system.  A reform's long-run success, then depends on making it as difficult as possible for the state to reassert its power.  No matter how successful establishing the mixed economy, as Hayek or Sennholz propose,or a halfway house, as Mises or the free bankers propose, may prove to be in the short run, neither such reforme is as likely to endure as Rothbard's.