Biographies

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Jeff Riggenbach

Autodidactic influential libertarian, Isabel Paterson is best known for The God of the Machine (1943). Ayn Rand contributed ideas to it but continued to learn from Paterson both politics and history. Rand rescued the book and promoted it.

Murray N. Rothbard

Briefly, the importance of the Hayek theory of the business cycle is that it puts the blame for the boom-bust cycle squarely on the shoulders of the government and its controlled banking system, and, for the first time since the classical economists of the 19th century, completely absolves the free-enterprise economy from the blame.