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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 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.
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 ...
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the late 1950s, Rothbard was an associate of Ayn Rand and Nathaniel Branden, a relationship later lampooned in his unpublished play Mozart Was a Red.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.
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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Download QR code; Print/export Download as PDF; Printable version; In other projects Wikimedia Commons; ... Pages in category "Books by Murray Rothbard"
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 .