Mises Wire
Author:
Murray N. Rothbard
Online Publish Date:
[Chapter 3 of Rothbard’s newly edited and released Conceived in Liberty , vol. 5, The New Republic: 1784–1791 .] Every depression generates a clamor among many groups for special privileges at the expense of the rest of society—and the American depression that struck in 1784–1785 was no exception. If excess imports were the culprit, then voluntary