While some economists are celebrating the awarding of the Nobel Memorial Prize in Economics to three economists who are relatively friendly to free markets, we should not forget that most Nobel winners have been unrepentant statists and socialists.
So-called democratic socialists claim they just want to empower ordinary people through democracy. Socialism, however, invariably must turn into a top-down system of central planning in which the state is all-controlling.
"...the fundamental problem with the conservatives ... was that they were looking in the wrong direction. The revolution that they were trying to prevent had already happened..."
Newly discovered letters show that Rothbard was a populist as early as the 1950s, and his alleged turn to populism in the 1990s was not a departure from earlier views.
To go back far enough in time is to find that no group is indigenous to the place they now live. But this does not mean that no one has a right to live where they now reside.
"Taxation is theft, purely and simply, even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match."
No one opposed communism more than Murray Rothbard, but he also recognized that US policy toward Cuba was unjust, self-defeating, and would fail to accomplish the government’s stated goals of regime change.
The famous phrase was uttered by William H. Vanderbilt, which was interpreted to mean that the capitalists didn’t care for their customers. Vanderbilt knew he worked for his stockholders, but in working for them, he had to provide for his railroad’s passengers.
While progressives love to claim fealty to the First Amendment, they actually have used the Fourteenth Amendment to squash free speech and free expression.
After central bank expansionary efforts have unleashed inflation, officials then seek to contract the money supply in an attempt to undo the inflationary damage. No contractionary policy, however, can fix the problems caused by monetary manipulation.
