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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. [101] Rothbard was critical of monetarist economist Milton Friedman.
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 .
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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 ...
As Rothbard put it in the opening editorial of the journal: "Our title, Left and Right, reflects our concerns in several ways. It reveals our editorial concern with the ideological; and it also highlights our conviction that the present-day categories of *left* and *right* have become misleading and obsolete, and that the doctrine of liberty ...
Man, Economy, and State: A treatise on economic principles is a 1962 book of Austrian School economics by Murray Rothbard (orig. abridged ed.). [a] It was originally intended as a textbook form of Human Action by Ludwig von Mises, but became its own treatise after he realized original work was needed to flesh out Mises' ideas.
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.”
Instead, Rothbard states that he views this period as a time of libertarian radicalism. Rothbard stated that American Revolutionaries fell into two camps: The first camp was those who wanted to demolish the British Empire's state apparatus in the colonies. The other camp wanted to keep the empire, but have Americans run it.