"We" were the people, suddenly staring at the fact that we had assumed ultimate and unlimited liability — moral, physical, and financial — for the outcome of war on three continents, for the survival of the British Empire, and for the utter destruction of Hitler.
Even America's poorest people nowadays can afford automobiles, cell phones, and TVs. Yet a significant number of social critics wish they couldn't.
"[I]f the glorious public sector, if expanded government, has brought us to this pretty pass, perhaps the answer is to roll government back, to return to the truly revolutionary path of dismantling the Big State."
Keynes has bamboozled us and it is very difficult to de-bamboozle ourselves.
The excellence of the gold standard is to be seen in the fact that it makes the monetary unit's purchasing power independent of the arbitrary and vacillating policies of governments, political parties, and pressure groups.
Rothbard has succeeded in sustaining what remains of the postmeltdown high-tech and information sectors, albeit in India and China.
The appropriate policy is not to strengthen labor standards but to open borders and allow people to cross them freely.
There is no surer guide to the principles of political liberty than the Federalist Papers; no more penetrating and imaginative study of the forces that may wreck or sap liberty than de Tocqueville's great classic.
Rothbard is even more consistent and rigorous than I had imagined.
"The Paul Krugman of 2009 completely disagrees with the Paul Krugman of 2003."
