If one looks at the catastrophic consequences of the great paper-money inflations, one must admit that the cost of making and holding gold is the minor evil. It would be futile to retort that these catastrophes were brought about because the regime merely used fiat money improperly.
While upholding the radical ideal, Rothbard happily cooperated with anyone who wanted to limit government power, no matter how gradually. The perfect was never the enemy of the good in his mind; the good was always an improvement. He combined idealism with realism, scholarship with accessibility, and boundless curiosity with commitment to truth.
Murray Sabrin has a long history with the Austrian movement and is one of two people who had Murray Rothbard on his PhD committee. He talks with Bob about his memoir, From Immigrant to Public Intellectual: An American Story.
Professor Salerno tells his personal story of how he discovered Austrian economics.
Bentham began as a devoted Smithian, but over time he became more and more statist.
According to Galiani, interest equalizes present and future money. It is a means to compensate for the palpitations of the heart that a creditor must endure until the money is returned.
The people of the USSR rightly considered Gorbachev to be just another Communist Party hack. His "reforms" were only expedient measures designed to preserve communism.
"Paine not only laid bare the roots of monarchy, but provided a brilliant insight into the nature and origins of the State itself."
Garrett wanted his government to mind its own business. This is because he wanted Americans to be able to mind their own business without being taxed, conscripted, or killed in other people's causes.
Lilburne's courageous campaigns for liberty resulted in his spending much of his life in prisons.
