Summing up the work of libertarian economist and historian Murray N. Rothbard (1926–1995) and noting its stunning range, philosopher David Gordon once wondered “if there are really three, four, or five geniuses writing under his name.” The lively essays collected in The Irrepressible Rothbard display one of those geniuses: Rothbard the journalist,
The Free Market 18, no. 1 (January 2000) “The trouble with socialism,” Oscar Wilde once wrote, “is that it takes too many evenings.” Indeed, the private lives of socialists are highly politicized. They must not be interested in anything-not even their families-other than socialism. The theory must inform every aspect of their lives, which must
The Free Market 18, no. 2 (February 2000) The left, most recently New York politico Lenora Fulani, likes to render the Boston Tea Party as a protest against corporate capitalism, and thereby analogous to the property-destroying protests at the World Trade Organization meetings in Seattle. A more traditional interpretation regards the Boston Tea
The Free Market 18, no. 3 (march 2000) In at least one area, the US economic expansion has left a trail of destruction in its wake: on it are members of the profession that pretends to forecast future economic conditions. Gene Epstein of Barron’s, speaking at a Mises Institute conference, cited as an example the famous Wall Street Journal survey
The Free Market 18, no. 4 (April 2000) The US government is now awash in revenue, owing to the economic boom that has dramatically enlarged the pie on which the state can gorge itself. And yet the Clinton administration not only refuses to curb the rates, even a smidgeon, but it wants to trade some higher taxes for a few more targeted loopholes.
The Free Market 18, no. 5 (May 2000) Fifteen years ago, Murray N. Rothbard wrote a piece on the most prevalent economic errors of that time. What are the great economic errors alive today? 1. The Fed sets interest rates. The Fed can exercise huge influence over interest rates by setting its discount rate, manipulating the fed funds rate, and
The Free Market 18, no. 5 (May 2000) It was a revolting display to see the bureaucrats at the Justice Department cheer Federal Judge Thomas Penfield Jackson’s decision. Many of these people didn’t even know how to get around the web twelve months ago, and now they are making decisions for millions of consumers and threatening to smash the
The Free Market 18, no. 5 (May 2000) Watching Joel Klein of the Antitrust Division on television, speaking about the dangers that Microsoft poses to the public, calls to mind a passage from Martin van Creveld’s The Rise and Decline of the State: “Born in sin, the bastard offspring of declining autocracy and bureaucracy run amok, the state is a
The Free Market 18, no. 8 (August 2000) Francis Fukuyama, the famed author of The End of History , has tried his hand at political prognostication on the question of socialism. Writing in Time Magazine, he argues that full-blown socialism is dead for the foreseeable future. There will be no more attempts to fully collectivize the means of
The Free Market 18, no. 9 (September 2000) For two years, the White House has been haranguing owners of large websites, telling them not to violate their visitors’ supposed right to privacy. Now, just on the face of it, this is absurd. The proper way to think about websites is as private property. When you go to a website, you are a visitor on
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.