The Self-Defeat of the Keynesian Cross
I cannot agree with Professor Krugman's statement that the Austrian business-cycle theory is not "worthy of serious study."
I cannot agree with Professor Krugman's statement that the Austrian business-cycle theory is not "worthy of serious study."
Jefferson rejected the Federalist axiom that in order to have peace one must prepare for war — the theory being that the more powerful a country was in armaments the less likely it was to be attacked. Jefferson doubted both the wisdom of this theory and Federalist sincerity in invoking it."
Or will we stick to principle, pay whatever price that involves, and leave the world a better place? I submit to you that anyone who has ever truly loved liberty has chosen the second course.
What manner of man was this, then, this grand bureaucrat who scorned the interests of mere individuals and merchants as petty and narrow, who presu
No other woman in America ever had to suffer such persistent persecution.
The revolutions were not "against England per se, but against the oppressions of the state, dominated by the English government." Rothbard adds that they "failed largely because the domestic oligarchs were propped up and reimposed by the English power."
Armand Jean du Plessis, Cardinal de Richelieu (1585–1642), considered the mass of Frenchmen simply as animals to be prodded or coerced in ways that
"In 1982, Vince moved on to building a nonprofit organization to host a series of international libertarian conferences — the Libertarian International."
While his major practical interest had not been domestic or economic affairs, he had helped build up the absolutism of the French state.
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.