More than any other single period, World War I was the critical watershed for the American business system. It was a “war collectivism,” a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the century.
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.
Just as, for them, liberty must be the highest political end, peace must be the highest end of foreign policy.
"It is legitimate to use violence against criminals in defense of one's rights of person and property; it is completely impermissible to violate the rights of other innocent people."
The problem is not the inefficiency of a conscript army; the problem is the gross immorality — indeed, the massive criminality — of drafting young men ... to kill or be killed against their will.
