Mises Wire

We asked some of our writers and scholars to talk about why Rothbard is worth remembering. Here's what they had to say.

The answer lies in audacious economic reforms that favor markets and entrepreneurs: liquidate bad investments, let deflation happen, cut government spending, cut taxes, let wages fall.

Murray Rothbard was a pioneer in analyzing taxation from an Austrian or causal-realist standpoint. However, he never explicitly engaged the standard theory of deadweight loss from taxation. This article develops the Austrian analysis of taxation further toward this end

The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available.

Murray Rothbard died more than a quarter century before the outbreak of the covid mania and tyranny, but if he were alive today, he wouldn’t be surprised to see that the most common resistance at an institutional level comes from churches.

Using the Mises’s regression theorem, we can infer that it is not possible that money could have emerged because of a government decree as suggested by the modern monetary theory (MMT).

To adopt monasticism before the international fascism we face today would amount not only to seceding but also to ceding everything worth saving to the monsters

If grocery stores were run like public schools, they'd still be in the midst of an extended covid lockdown. Fortunately, though, we have a (mostly) privatized system, with vouchers for low-income shoppers.  A similar system for schools would be a far saner choice than what we have now. 

Hazlitt takes on a humble objective: to deliver an “unblushingly ‘classical,’ ‘traditional,’ and ‘orthodox’” synthesis of economics. This is the most fitting way to approach the layman, who will only retain a few lessons from an introductory book. 

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.