This guide is based on Jonathan Newman’s fall 2023 Mises Book Club discussions of Murray Rothbard’s For a New Liberty: The Libertarian Manifesto.
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Dr. Jonathan Newman is a Fellow at the Mises Institute. He earned his PhD at Auburn University while a Research Fellow at the Mises Institute. He was the recipient of the 2021 Gary G. Schlarbaum Award to a Promising Young Scholar for Excellence in Research and Teaching. Previously, he was Associate Professor of Economics and Finance at Bryan College. He has published in the Quarterly Journal of Austrian Economics and in volumes edited by Matthew McCaffrey and Per Bylund. His research focuses on Austrian economics, inflation and business cycles, and the history of economic thought. He has taught courses on Macroeconomics and Quantitative Economics: Uses and Limitations in the Mises Graduate School. He is the author of three children’s books: The Broken Window, Ludwig the Builder, and The Magic Coin. His commentary appears regularly in the Mises Wire and Power & Market.
The Fed by design feeds the political machine in DC by concealing the costs of government spending. The Fed serves the government, not the American people.
Werner’s experiment is dubious at best. He strawmaned the alternative theories and set up the experiment in such a way that only his preferred theory would be confirmed.
Bob Murphy and Jonathan Newman offer a comprehensive Austrian response to Richard Werner’s claims on the Tucker Carlson Show about banks, money creation, and credit theory.
