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[This article originally appeared in the final issue of Left & Right .] On August 25, 1968, less than a week after completing the final draft of the article which constitutes this issue of Left & Right , Harry Elmer Barnes died at the age of 79. All persons leave an irreplaceable gap when they die; but this gap is truly enormous in the case of

[In his 20s, Murray Rothbard wrote a newsletter called The Vigil , in which he wrote the following review of William F. Buckley, Jr., “A Young Republican View,” The Commonweal , January 25, 1952.] Buckley’s article in the recent issue of this Catholic magazine is significant in its revelation of the full extent of Buckley’s views. As a result, we

A sign of our time is the split-personality of the conservatives. Many to the right of center are off on a schizophrenic pursuit of both liberty and collectivism. In domestic affairs this regrettable condition is gradually being recognized for what it is. But the time is nigh for conservative foreign policy, as well, to be psychoanalyzed in hope

The libertarian who is happily engaged expounding his political philosophy in the full glory of his convictions is almost sure to be brought short by one unfailing gambit of the statist. As the libertarian is denouncing public education or the Post Office, or refers to taxation as legalized robbery, the statist invariably challenges. “Well, then

Anytime that a hard-nosed analysis is put forth of  who  our rulers are, of how their political and economic interests interlock, it is invariably denounced by Establishment liberals and conservatives (and even by many libertarians) as a “conspiracy theory of history,” “paranoid,” “economic determinist,” and even “Marxist.” These smear labels are

In 1495, on the death of Gianneto Berardi, who had contracted to fit out twelve ships, Amerigo Vespucci, a Florentine who was manager of the Medici bank at Seville, assumed the contract. In succeeding years, Vespucci sailed in Spanish expeditions, and then from 1501 on sailed in Portuguese voyages to explore Cabral’s discovery, Brazil. Vespucci

Lionel Robbins’s The Great Depression (Macmillan, 1934) is one of the great economic works of our time. Its greatness lies not so much in originality of economic thought, as in the application of the best economic thought to the explanation of the cataclysmic phenomena of the Great Depression. This is unquestionably the best work published on the

Introduction Gold or Government Paper Controlling the Money Supply Fractional Reserve Banking Central Banking “Deposit Insurance” Privatizing Federal Gold Definitions and Debasement Abolishing the Fed Restoring the Old Republic [This article originally appeared in The Freeman , September and October 1995.]   Money is a crucial command post of any

Washington Transforms the Army In June of 1775, George Washington was appointed Major General and elected by Congress to be commander in chief of the American revolutionary forces. Although he took up his tasks energetically, Washington accomplished nothing militarily for the remainder of the year and more, nor did he try. His only campaign in

If government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire—to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates, and business liquidation will the necessary adjustment proceed with smooth dispatch. Any propping up of shaky positions postpones