@VladimirN #Rothbard about #Greenspan: "Greenspan’s real qualification is that he can be trusted never to rock the #establishment’s boat. He has long positioned himself in the very middle of the economic spectrum. He is, like most other long-time Republican economists, a conservative Keynesian, which in these days is almost indistinguishable from the liberal Keynesians in the Democratic camp."
https://mises.org/mises-daily/rothbard-greenspan

"Murray Rothbard’s Man, Economy, and State (MES) is one of the two greatest books on free market economics of the twentieth century. The other, of course, is Ludwig von Mises’s Human Action. Rothbard at first intended his book to be an easier-to-understand guidebook to Human Action, but it soon turned into a major treatise in its own right."
https://mises.org/mises-wire/greatness-man-economy-and-state
#rothbard #mises #mespm #economics #science

@nicwn Read #Rothbard's works on money and banking.

People refuse to understand that true capitalism, that is, a free market economy, is not what we have now, interventionism, that is, a distorted market economy. These systems have different characteristics, so one should not blame the former for the shortcomings of the latter. Read/listen to Rothbard, waste no time!
https://mises.org/library/book/man-economy-and-state-power-and-market
#rothbard #capitalism #economics #mespm

"He amasses an extraordinarily large number of quotations but often fails to grasp their meaning. In what follows, I’ll try to give some examples of this. But before doing so, I need to answer a preliminary question. Why should we care about #Slobodian’s mistakes? The answer to that is that a great deal of #Hayek’s Bastards is devoted to an attack on Murray #Rothbard."
https://mises.org/friday-philosophy/goldbug-variations
#economics #history #phylosophy

A significant number of men and women are not stupid (in fact, they think they are smart enough). They are economically illiterate, ignorant. They are unaware of the existence of the true economic theory of Mises and Rothbard or they have been convinced by government-appointed propaganda intellectuals that the achievements of these great scholars are not worthy of attention.
#economics #mises #rothbard #publicopinion #science

@remixtures You write: "their bosses, who want to maximize profit". The economic ignoramuses like you can't understand that #profit is the proof that the #business makes people more happy (less unhappy). Under #capitalism, the businessman can't make a profit, if consumers don't buy his goods or services. So you should read/listen to the real economists, i.e. #Mises and/or #Rothbard, and don't repeat the nonsense of #Marx or #Keynes. https://mises.org/library/book/lessons-young-economist
#economics #politics

The great Murray Rothbard called UBI a negative income tax and a guaranteed annual income. The book is free and available in several formats.
https://mises.org/online-book/new-liberty-libertarian-manifesto/chapter-8-welfare-and-welfare-state/negative-income-tax
#ubi #rothbard #taxation #welfarestate #statism

@williamlmiller Rothbard called the UBI the Negative Income Tax and the Guaranteed Annual Income. https://mises.org/online-book/new-liberty-libertarian-manifesto/chapter-8-welfare-and-welfare-state/negative-income-tax #ubi #rothbard

@UnitedStates Milton #Friedman is very small compared to Ludwig von #Mises or Murray #Rothbard on the #freemarket, including #freetrade.

"The lessons found in Frédéric Bastiat’s writings are timeless. The value is obvious. Some of the best tools to teach others about how the economy really works are clear stories told with a biting wit which illustrate foundational economic principles. Thank you to the Mises Institute for funding the Book Club at The University of Mount Olive."
#bureaucrcy #misesinstitute #bookclub #bastiat #rothbard #economics

@szlatanos Read Mises and Rothbard on business cycle. For example, https://mises.org/library/book/economic-depressions-their-cause-and-cure #recession #businesscycle #rothbard

@heinrichsgeist In Stage 2, the population's attitude toward money changes: the money supply continues to grow but the population's demand for money falls sharply. As a result, the purchasing power of money falls dramatically, prices skyrocket, and the monetary system collapses. For more details, please read Rothbard. For example, his Mystery of Banking https://mises.org/library/book/mystery-banking #rothbard

"Never has libertarian ruling-class theory been put more clearly or forcefully than in the words of (James) Mill: there are two classes, Mill declared, ‘The first class, those who plunder, are the small number. They are the ruling Few. The second class, those who are plundered, are the great number. They are the subject Many’." https://mises.org/library/book/austrian-perspective-history-economic-thought #aphet #jamesmill #libertarianism #rulingclass #economics #rothbard #politics

"We shall see below the precise nature of Say's thought and his contributions, as well as his decidedly ‘French’ non-Smithian, and ‘pre-Austrian’ logical clarity and emphasis on the praxeologic axiomatic-deductive method, on utility as the sole source of economic value, on the entrepreneur, on the productivity of the factors of production, and on individualism." https://mises.org/library/book/austrian-perspective-history-economic-thought #jbsay #aphet #rothbard #economics #praxeology

"The Libertarian Forum, edited by Murray N. Rothbard from 1969 to 1984, had a small — even tiny — circulation but it forged the intellectual edifice known as #libertarianism. Month after month, the newsletter thrilled, enlightened, shocked, and awed its subscribers. Everything was on the table. And here are all the issues again, as smart, gossipy, and fresh as they were when they were first written." https://mises.org/libertarian-forum-1969-1984/complete-libertarian-forum-1969-1984 #rothbard #capitalism #liberalism #theleft #theright

"Adam Smith (1723–90) is a mystery in a puzzle wrapped in an enigma. The mystery is the enormous and unprecedented gap between Smith's exalted reputation and the reality of his dubious contribution to economic thought. Smith's reputation almost blinds the sun. From shortly after his own day until very recently, he was thought to have created the #science of #economics virtually de novo." https://mises.org/library/book/austrian-perspective-history-economic-thought #aphet #adamsmith #rothbard #capitalism

"One of the most important sociological laws is the “Iron Law of Oligarchy”: every field of human endeavor, every kind of organization, will always be led by a relatively small elite. This condition will hold sway everywhere, whether it be a business firm, a trade union, a government, a charitable organization, or a chess club." https://mises.org/journal-libertarian-studies/bureaucracy-and-civil-service-united-states #rothbard #oligarchy #capitalism #socialism #bureaucracy

In #Marx' ersten Band von #DasKapital gibt es eine Passage, an die ich derzeit oft denken muss, weil schnell die ideologischen Stichwortgeber für aktuelle Prozesse benannt sind und umgekehrt als Kern des Übels identifiziert. Aber, jetzt Marx: »Es ist in der Tat viel leichter, durch Analyse den irdischen Kern der religiösen Nebelbildungen zu finden, als umgekehrt, aus den jedesmaligen wirklichen Lebensverhältnissen ihre verhimmelten Formen zu entwickeln. Die letztre ist die einzig materialistische und daher wissenschaftliche Methode.« (S. 393) Ich denke derzeit an Friedrich A. #Hayek und Milton #Friedman, Ludwig von #Mises bis Murray Newton #Rothbard oder Curtis Guy #Yarvin - alle werden genannt, wenn es um den Geist des #Projekt2025 geht oder was Musk herumtreibt. Das ist alles nicht falsch. Mit vielen Ausführungen legitimiert die #Trump-Administration und ihr Umfeld nicht nur, was sie tun, sondern sie erklären es damit auch, nicht nur Dritten, sondern auch sich selbst. 1/2
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"If we were to award a prize for ‘brilliancy’ in the history of economic thought, it would surely go to Anne Robert Jacques Turgot, the baron de l'Aulne (1727–81). His career in economics was brief but brilliant and in every way remarkable." https://mises.org/library/book/austrian-perspective-history-economic-thought #turgot #economics #aphet #rothbard #capitalism