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.
An opponent of gold describes the 100 percent standard better than its friends do.
Not a novelty but an inheritance: Jeffersonian, Jacksonian, and hard-money.
Deflate the dollars, or redefine the dollar’s weight—or some blend of the two.
