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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.
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the late 1950s, Rothbard was an associate of Ayn Rand and Nathaniel Branden, a relationship later lampooned in his unpublished play Mozart Was a Red.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 ...
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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 .
Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American economist, historian, and political theorist.He was a prominent exponent of the Austrian School of economics and fundamentally influenced the American libertarian movement and contemporary libertarian and classical liberal thought, by theorizing a form of free-market anarchism which he termed "anarcho-capitalism".
The Betrayal of the American Right is a book by Murray Rothbard written in the early 1970s and published by the Ludwig von Mises Institute in 2007. [1]In it, Rothbard describes the development of the American political Old Right between the 1920s and 1950s, [2] claiming that it died out in favor of a more interventionist political Right during the Cold War. [3]
The Mystery of Banking is Murray Rothbard's 1983 book explaining the modern fractional-reserve banking system and its origins. In his June 2008 preface to the 298-page second edition, Douglas E. French suggests the work also lays out the “...devastating effects [of fractional-reserve banking] on the lives of every man, woman, and child.”