In chapter 11 of Man, Economy, and State [1962] (2009), Rothbard sets out his theory of money and its influences on business fluctuations. Among the many insights Rothbard provides, we find a compelling and cogent refutation of Irving Fisher’s equation of exchange (in section 13)—which underlies the monetarist quantity theory of money.
Both private sector businesses and police departments believe there is a good chance there will be postelection unrest. Both groups are taking steps to protect themselves in case of riots.
For a short period of time, America’s libertarian moment was a go-to topic for political pundits in a variety of publications. Since 2016, the role of libertarians in political discourse has tended to devolve away from a relevant political demographic into a weird scapegoat for the Left and Right.
Listen to the Audio Mises Wire version of this article.
Listen to the Audio Mises Wire version of this article.
For months now, Democrats and other opponents of Donald Trump have been sounding ominous warnings that Trump may refuse to leave the White House even if he loses the election.
