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Rothbard also wrote more generally that Keynesian-style governmental regulation of money and credit created a "dismal monetary and banking situation". He called John Stuart Mill a "wooly man of mush" and speculated that Mill's "soft" personality led his economic thought astray. [100] Rothbard was critical of monetarist economist Milton Friedman.
The Case Against the Fed is a 1994 book by Murray N. Rothbard criticising the United States Federal Reserve, fractional reserve banking, and central banks in general. [1] It details a history of fractional reserve banking and the influence that bankers have had on monetary policy over the last few centuries.
According to Rothbard, increasing the supply of money confuses society's ability to calculate relative costs during the time of monetary expansion. This is because the money is not injected into all areas of the economy at once, resulting in what Rothbard describes as deceiving investors with "wasteful booms" and subsequent readjustments ...
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During the late 1950s, Rothbard was an associate of Ayn Rand and Nathaniel Branden, a relationship later lampooned in his unpublished play Mozart Was a Red. In the late 1960s, Rothbard advocated an alliance with the New Left anti-war movement on the grounds that the conservative movement had been completely subsumed by the statist establishment.
In the 1960s, Rothbard began questioning the alliance between libertarians and conservatives, especially given the vast difference of opinion on such issues as the Vietnam War. Rothbard concluded that libertarianism had its roots in the political left, and therefore that libertarians of the Old Right would be better suited in alliance with the ...
Murray Rothbard: 1926: 1995: American: Columbia University: American author and economist of the Austrian School who helped define capitalist libertarianism and popularized a form of free-market anarchism he termed "anarcho-capitalism." [4] [5] [6] Rothbard wrote over twenty books and is considered a centrally important figure in the American ...
The Ethics of Liberty is a 1982 book by American philosopher and economist Murray N. Rothbard, [1] in which the author expounds a libertarian political position. [2] Rothbard's argument is based on a form of natural law ethics, [ 3 ] and makes a case for anarcho-capitalism .