FT: “Donald Trump’s decision not to refill the Strategic Petroleum Reserve drained by his predecessor Joe Biden has left consumers exposed to an oil price shock.”

On today’s Ron Paul Liberty Report: In less a week, the quick victory promise has given way to increased calls for a US ground invasion. 

The US taxpayers so far have paid more than 6.5 billion toward the Iran war. 

March 2 would have been Murray Rothbard’s 100th birthday, so it is only fitting that I devote this week’s column to my great friend and mentor. I have often written about his life, but this time I would like to describe him as I found him in our many conversations, both in person and over the telephone.

In light of the US’s actions against Iran and the overt goal of regime change, it is worth recalling the original, covert regime change the CIA brought about in Iran and its decades-long consequences.

All Readings

Session 1: “Action, Choice, and Value”
Rothbard, Rothbard Reader, pp. 89-96

Session 2: “The Division of Labor”
Rothbard, Man, Economy, and State, pp. 95-102

Americans are taught that the Constitution completed the Revolution. The Articles of Confederation were weak, disorder reigned, Shays’s Rebellion terrified the countryside, and sober statesmen in Philadelphia heroically designed a “more perfect Union,” as the story goes. The Constitution thus appears as the Revolution’s crowning achievement.

But, as Rothbard showed, the Constitution was not the fulfillment of 1776, but rather its undoing.