This speech by Lew Rockwell was delivered at the Heritage Foundation, and even at the time was regarded as the best single overview of the teachings of the Austrian school, its contribution to the history of ideas, and the political implications of Austrian economic theory.
Economics, wrote Joseph Schumpeter, is “a big omnibus which contains many passengers of incommensurable interests and abilities.” That is, economists are an incoherent and ineffectual lot, and their reputation reflects it. Yet it need not be so, for the economist attempts to answer the most profound question regarding the material world.
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Llewellyn H. Rockwell Jr.
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Llewellyn H. Rockwell, Jr., is founder and chairman of the Mises Institute in Auburn, Alabama, and editor of LewRockwell.com.
Murray Rothbard’s view of the origins of World War II has an important lesson for us today.
Murray Rothbard’s view of the origins of World War II has an important lesson for us today.
“Taxation is theft, purely and simply, even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match.”
