This is the famous speech by Murray Rothbard given in the days following the collapse of the Soviet empire. His exuberance is palpable has he explains the meaning of it all for the place of liberty in the history of civilization.
A brilliant scholar and passionate defender of Liberty, Professor Murray Rothbard (1926-1995) was dean of the Austrian School of economics, holder of the S.J. Hall Chair at the University of Nevada, Las Vegas, and Academic Vice President of the Ludwig von Mises Institute.
The author of 17 books and thousands of articles, the foremost Misesian economist, the father of modern freedom theory, and the most delightful personality in the profession, this great teacher here spellbinds an audience of students, faculty, and business leaders in the "Future of Austrian Economics," at the 1990 Mises University at Stanford.
Only Austrian economics, Rothbard shows, can explain the collapse of socialism/communism and tell us what should replace it: laissez-faire capitalism. There is a lesson here as well, he shows, for dealing with the Leviathan in Washington, D.C.
Channel: News & Politics Uploaded: February 22, 2006 at 1:04 pm Author:misesmedia
cjanne9(Saturday 13th of December 2008 06:41:10 PM)
I also Believe in the great Austrialian-School
of Economics.The great Bruce Foster from
University of Canberra with desciples like Prof. Mrs. Mathilda Waltz
invented the Micronesian-Economy of Tariff Trading Theory and even predicted
9 of the 5 last recessions,if only Von Mises lived today and seen the great development of his theories.
I wonder myself. But less about the age of the blog, than the age of the breakdown of the Federal Reserve's dollar. Just what Rothbard would be saying in response to Bernanke's complete destruction of the Fed's balance sheet. I know what Rothbard's position would be, but exactly how he would say it.
Chieftain1776(Saturday 6th of December 2008 04:58:22 AM)
Yeah, that's the thing, how great and skewering would his analysis be! Rothbard's tone and fighting spirit would have been quite the sight to behold in the debates now happening on TV and the internet. I mean Bob Murphy's doing great work responding to Austrian critics, Frank Shostak does great fundamental analysis, Lew Rockwell is doing great attacking the state, Anthony Gregory is excellent defending libertarianism. But Rothbard could do all of that simultaneously and with such effectiveness.
Also just for Murray to be alive to see the end of the dollar. You know Murray would find these times to be very interesting and exciting, albeit kind of scary at the same time.
If your reasoning entails (some sort of) a contraidction, check your premises. Hint: define perfection. I do not think anyone can give both a realistic and in human action founded definition. One that does not fit these criteria is Keynes': no scarcity.
