Rothbard’s Legacy, 21 Years Later

Murray Rothbard died 21 years ago today, and while he pioneered new scholarship in many areas — including anarcho-capitalism, welfare economics, and more — Rothbard is also largely responsible for making Ludwig von Mises known to us today. Rothbard’s activism — and his cooperative work with the Mises Institute — was of course key in popularizing the work of Mises, but he also took the scholarly work of Mises, extended it, and made it accessible to a new generation of scholars.

Murray Rothbard

Today is the anniversary of Murray Rothbard’s death in 1995. I vividly remember hearing the news, as it was one of the saddest days of my life. Murray, in his breadth of knowledge and acuity of mind, was the greatest scholar I have ever met. But to me, he was more than this. I viewed him as a second father. In the years since 1995, more and more students have come to appreciate his stature, despite the efforts of his enemies to marginalize him. “I shall not look upon his like again.”

Most Market Criticism is Simply Poor Science

“The market makes the rich richer, the poor poorer.” 

Most critiques of the market is pure assertion. Even claims based on empirical data (like Piketty) aren’t actual findings. 

The reason is as obvious as it is overlooked: the real economy is heavily regulated, politically manipulated, and therefore distorted, and therefore not the actual “market.” Yet the market skeptics ASSUME it is. That’s why  they find that “market” causes lasting inequality, environmental issues, etc. 

Census Data Shows People Are Fleeing High-Tax States

One of the more puerile demands made by knee-jerk nationalists is “love it or leave it.” In their minds, one is not allowed to be unhappy with life under the local state monopoly, and all complainers are required to immediately emigrate if unhappy.

This is often the refrain of American right wingers who insist the entire world outside the United States is a wasteland, although the slogan is not limited to Americans. A similar slogan (in Portuguese) was also employed by the military dictatorship in Brazil.