The Disastrous Legacy of Woodrow Wilson
Empathy for the Poor Is Not Enough
Quotations
Liberty, the greatest of all earthly blessings—give us that precious jewel, and you may take every thing else! But I am fearful I have lived long enough to become an old-fashioned fellow.... Twenty-three years ago was I supposed a traitor to my country? I was then said to be the bane of sedition, because I supported the rights of my country. I may be thought suspicious when I say our privileges and rights are in danger.... Guard with jealous attention the public liberty. Suspect every one who approaches that jewel. Unfortunately, nothing will preserve it but downright force.
Dedication
The Mises Institute dedicates this volume to all of its generous Supporters and wishes to thank these, in particular:
BENEFACTORS
Anonymous
Remy Demarest
Michael H. Denyer, MD
Prof. Dr. Hans-Hermann Hoppe and Dr. A. Gülçin Imre Hoppe
James E. Kluttz, in memory of Earle C. and Mary Katharine Fisher Kluttz
Mr. and Mrs. Mark Stephens Murrah, in honor of Lew Rockwell
William S. Ramagosa, Jr.
Mr. and Mrs. Gary J. Turpanjian
PATRONS
Introduction by Patrick Newman
The prolific Murray Rothbard (1926–1995) worked on four major treatises during his life. The first, Man, Economy, and State with Power and Market, was a three-volume work on economic theory written in the 1950s and published in 1962 and 1970. The second, Conceived in Liberty, was a four-volume series on early American history largely written in the 1960s and published throughout the 1970s (1975, 1976, and 1979). The third, The Ethics of Liberty, was a single volume on the political philosophy of natural rights libertarianism written mainly in the 1970s and published in 1982.
Preface by Thomas E. Woods, Jr.
I have lost track of how many volumes of new material by Murray N. Rothbard have been released since his death in the early days of 1995. Rothbard has achieved in death more scholarly output than many scholars can hope for in a lifetime.
The reader can learn about the background to this volume and the Conceived in Liberty series as a whole in Patrick Newman’s capable introduction. How this book finally came to light after its recovery had seemed hopeless—Rothbard’s indecipherable handwriting an apparently insuperable stumbling block—makes for a delightful story.
Could the Economy Survive a W-Shaped Recovery?
In the weeks following the United States shutting down over what has turned out to be mainly a nursing home epidemic, the economic geniuses on CNBC and Bloomberg discussed the various letter recoveries. The consensus had been that the US would experience a V-shaped recovery over the next several months.
Foreword by Judge Andrew P. Napolitano
When Professor Patrick Newman first asked me to write the Foreword to his painstakingly and brilliantly crafted fifth volume of Murray N. Rothbard’s iconic Conceived in Liberty, I had two initial reactions. The first was “What fifth volume?” By now, the reader knows that Rothbard wrote the guts of volume five by hand and Professor Newman—who, in addition to his economic expertise, is now an expert in Rothbard’s unique handwriting—“translated” it all for us.
Unlimited Government: Central Banks and Federal Spending during the Corona Crisis
Q: We’re in a very odd situation right now in terms of evaluating the state of the economy. We can see there is rising unemployment and there is likely to be a wave of missed mortgage and rent payments. Is this all just due to the government-mandated “shutdowns” or are there deeper economic issues here?
