In chapter 80 of Conceived in Liberty, his history of the American Revolution, Rothbard addresses modern attempts to re-frame the American Revolution as some sort of “conservative” revolution that merely preserved a way of life, and was not a radical departure from the past:

Earlier this month, the

Some economists such as Nobel Laureate Paul Krugman hold that during an economic slump it is the duty of the government to run large budget deficits in order to keep the economy going. On this score — given that from 2011 to 2014 the rate of growth of real gross domestic product (GDP) hovered at around 2 percent — many experts are of the view that the budget deficit, which stood at $483 billion in 2014, wasn’t large enough.