The free-market classical liberal William Graham Sumner believed that to succeed in the modern world, men must embrace the bourgeois "industrial" virtues such as skill, frugality, prudence, and self-denial.
With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we've seen in the past thirty-five years.
Murray Rothbard was no fan of John Stuart Mill's philosophy and neither is Philip Kitcher. However, there is a huge divide in how Rothbard and Kitcher view Mill.
