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Progressivism brought the triumph of institutionalized racism, the disfranchising of blacks in the South, the cutting off of immigration, the building up of trade unions by the federal government into a tripartite of big government, big business, big union alliance, the glorifying of military virtues and conscription, and a drive for American expansion abroad. In short, the Progressive era ushered the modern American politico-economic system into being.
From the Preface by Murray N. Rothbard
Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
In this article from 1950, Murray Rothbard suggests some of the less bad ways of financing military operations. Hint: monetary inflation and taxing savings and investment are among the worst.
Who would join a radical minority movement, and commit him- or herself for life to social obloquy and a marginal existence, for the sake of 20% more bathtubs, or 15% more candy bars? Who will man the barricades either physically or spiritually, for more peanuts or Pepsi?
Every nation-state boundary was drawn by force. Should we treat them as sacred the same way we treat a house or factory? Rothbard says no, and proposes something more radical.
The Progressive Era
by Murray N. Rothbard
Foreword by Judge Andrew P. Napolitano
Edited by Patrick Newman
Published by the Mises Institute, 2017
ISBN: 978-1-61016-674-