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Tag Archives: Rothbard

Is Keynes Misunderstood, Maligned By Critics?

In a September 11 Bloomberg article, economist Noah Smith claims that John Maynard Keynes, the architect of today’s government economic policies around the world, wasn’t a “‘socialist’” or even a “‘progressive.’” He did not favor “a command economy.”

Yes he “was in favor of some amount of wealth redistribution and government intervention into the economy.” But “Keynesian policies are fundamentally … about economic stability,… about smoothing out the fluctuations in the economy, reducing risk for everyone concerned.”

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Ron Paul, the Gateway Drug

Dr. Paul introduced a truly small government philosophy to millions. The unassuming doctor from Texas, a Congressman long in the intellectual wilderness but consistent in message, has had arguably as much impact in this young century on American politics as any other American political figure. Politics is different today, and I would argue very much better, for Paul’s evangelizing.

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The Mafia State of Mind

Michael: I’m working for my father now. He’s been sick, very sick.

Kay: But you’re not like him, Michael. I thought you weren’t going to become a man like your father. That’s what you told me.

Michael: My father’s no different than any other powerful man – any man who’s responsible for other people, like a senator or a president.

Kay[laughs] You know how naïve you sound?

Michael: Why?

Kay: Senators and presidents don’t have men killed.

Michael: Oh, who’s being naïve, Kay?

-From the film The Godfather

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The American Economy is Not a Free-Market Economy

Crony Capitalism in America, 2008–2012. By Hunter Lewis

by David Gordon 

 

Those of us who favor the free market must confront a problem. The virtues of the market, and the vices of socialism and interventionism, have been made incontestably clear by Mises, Rothbard, Hazlitt and others. The case for the free market, as these great figures explain it, can readily be grasped and demands no esoteric knowledge. Yet many academics reject the market. They condemn capitalism for leaving many in poverty and for glaring inequalities. How can so many academics fail to grasp what seem to us obvious truths?

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