Politicians and central bankers assure us that they are diligently “fighting” inflation. Actually, they are fighting inflation the same way that an arsonist fights against the fires he just set. Government is the inflation arsonist.
The non-aggression principle is often ridiculed as being abstract and unrealistic. However, it is possible to function in the real world living by this principle, something Murray Rothbard demonstrated using logic and clear thinking.
While establishment historians claim that the British government had no intentions of depriving American colonists of their liberties, actual history tells a different story. Things came to a head April 19, 1775, touching off the American Revolution.
Keynesians claim that through the “multiplier,” a country can spend itself into prosperity. All that is needed is for government to tax, borrow, print money and spend, and prosperity will follow. Austrian Economists, however, are not fooled by such myths.
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The ruling classes and their media blamed the 2008 financial crisis on free markets and too little government regulation. However, because the Federal Reserve promised to help cover losses in financial markets, it practically invited reckless behavior.
What is a proper libertarian foreign policy? Murray Rothbard wrote that first and foremost, a peaceful and realistic policy means not invading other countries and working to end wars as quickly as possible.
Ralph Raico’s scholarship on the origins of classical liberalism serves as an essential counterweight to Hayek‘s Anglocentrism.
“It is ideas that group men into fighting factions, that press the weapons into their hands, and that determine against whom and for whom the weapons shall be used.”
The Modern Monetary Theory (MMT) crowd prides itself on fidelity to actual history. But Murphy shows how leading MMT guru Randall Wray completely distorts his discussion of two historical episodes in his college lecture.
