Category: Shared

“Milton Friedman Unraveled”

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By Murray Rothbard, here. Warning: This article is very long, and only for the brave of heart. I haven’t even attempted the whole thing yet, but hope to return when I have more time and give this article the time it deserves. I posted it because I feel that Friedman’s ideas are more dangerous than even Keynes. I’ve heard people say how Friedman was their “hero” and everyone assumes then, “oh, you must believe in the free market.” I think Friedman was a sort of impostor. That’s why we need someone like Rothbard to unveil his true motives and beliefs.

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“What Has the Government Done To Our Money?” Part II

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There’s a fundamental difference between money and all other goods. Other goods are purchased in order to do something with them. You get value from the thing, be it a sandwich (it has fulfilled your need for food) or a television, a house, a car, etc…it is providing something you need or want. Money doesn’t do anything, except get you other things. You can’t live in money, you can’t eat money, money doesn’t entertain you, its sole purpose is a general medium of exchange. If suddenly I had twice as much money, there wouldn’t be twice as many good to…

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“What Has the Government Done To Our Money?” Part I

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I’ve been reading this book by Rothbard (in preparation for Mises University later this month) and like all the books I’ve read by Rothbard so far, it is fantastic. Superb…stunning, these might be more appropriate words. It is taking me a long time to read it because I want to write down everything Rothbard says in my notes. I can’t read a sentence or two without stopping to quote him. I thought I’d share some of those quotes, and my thoughts on the book. He starts out by saying how confusing money is to people. This has led to a…

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“The Enterprise of Law” Part II

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One of Benson’s primary subjects in his book is the need for police protection. He discusses police protection provided by the government, and then explores the possibility of police being provided by the free market. When the government is in charge of this, like anything, they have no motivation for providing the best product at the lowest cost. “This does not imply that police chiefs and judges will be completely ambivalent to the costs a department or court generates; it means that they are likely to make a relatively smaller effort at monitoring employees to check on wasted time and resources.” He also makes another point about the difference between…

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