Other Schools of Thought

Keynes has bamboozled us and it is very difficult to de-bamboozle ourselves.

Rothbard has succeeded in sustaining what remains of the postmeltdown high-tech and information sectors, albeit in India and China.

The appropriate policy is not to strengthen labor standards but to open borders and allow people to cross them freely.

"The Paul Krugman of 2009 completely disagrees with the Paul Krugman of 2003."

Contrary to popular thinking, the threat posed to the major economies is not the liquidity trap, but the government and central bank stimulus policies aimed at countering it.

"Law for Rousseau is essentially a device whereby those in possession protect themselves against the 'have-nots.'"

Murray Rothbard's two volumes are a monument of 20th-century scholarship.

The private sector can't do this, which is precisely why all the stuff that makes life worth living is produced privately, and all that the government does is slow down the progress of civilization and bring destruction and disaster wherever it goes.

Rothbard's discussion of utility constitutes only one strand in his powerfully argued case that Smith derailed economics from the analytical achievements of the scholastics and their French and Italian successors.

The book contains an abundance of other arguments against our current monetary system.