Read “Bank Crisis” online here.
Of course, the title of this article shows why Rothbard is still relevant. This is where the saying–those who do not learn from history are doomed to repeat it–is so important. Reading through this article, this paragraph almost jumps out:
What is the reason for this crisis? We all know that the [...]
Well, it’s Rothbard on previous bailouts, recessions, inflationism, Keynesian economics, the previous S&L mess, bankrun, bank crises, and the previous Fed Chairman and Central Planner and Counterfeiter of the money supply–Alan Greenspan.
Rothbard’s writings are still extremely relevant today. Here are some of the most relevant I’ve found (I plan to comment on them in the [...]
Read this article online here.
Reading this article shows how clearly Rothbard expressed himself. In only a few paragraphs in the first section he explains the benefits of trade, defines direct (barter) and indirect exchange, and how money comes into existence in a free market, including how it makes economic caluclation possible. He does all of [...]