U.S. History

Recorded at the Mises Circle in Seattle, September 12th, 2009. Includes an introduction by Douglas French. Sponsored by James M. Wolfe.

We may not even be fortunate enough to have any market readjustment at some time in the future. Instead, spurred on by people who have lost all sense of economic reality, the government may take complete control of the economy. Then, true enough, there will be no depression and unemployment in the accepted sense; but the alternative is not pleasant to contemplate.

What an irony it is that the capitalist entrepreneurs so despised by the Arts and Crafts Movement turned out to be its saviors.

Rothbard and a handful of Misesian economists were virtually alone in maintaining that Hoover's interventionist policies were mainly responsible for what we now know as the "Great Depression." 

"Roosevelt and his staff were becoming habitual bullies, pitting Americans against one another."

The pleaders for statism insist that while all-powerful government might be inherently bad under a despot or dictator, it can be a perfectly wholes

The blessings of liberty have been diffused in this land of ours to an unsurpassed degree, not because of government intervention but only because it was here that the torch of individual freedom was kindled and borne aloft.

Presented by Thomas DiLorenzo at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.

Indeed, if this book, rather than Keynes's General Theory, had been the point of departure for subsequent study of macroeconomic fluctuations, the world almost certainly would have been a much, much happier place.

Rothbard has in addition a carefully worked out theory, Austrian economics, to guide him.