Long before interventionism became a fixed policy of the government, American students went to Europe to complete their education, and immigrants introduced their exotic foods to the American table. But these were voluntary adoptions.
If the newly elected budget "hawks" really wanted to impress us, they could refuse to raise the debt ceiling. Then they and their colleagues would have no choice but to start slashing.
It was the physiocrats who broke with centuries of sound economic reasoning and contributed to what would become, in the hands of Smith and Ricardo, a reactionary and obscurantist destruction of the correct analysis of value.
The first great error here is the mental habit that many have of thinking that big government and big business are somehow at odds. The whole of American history from the beginning to the present suggests precisely the opposite.
Fifty years ago, Rothbard saw the need for institutions to support scholarship, writing, publishing, and the exchange of ideas in the libertarian tradition. Otherwise, young people will turn to political activism and find themselves drifting left and right rather than staying on the path toward liberty.
