Murray Rothbard Quotes
Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the Industrial Revolution and the flowering of modern capitalism.
Rothbard, Murray N. For a New Liberty: The Libertarian Manifesto. Macmillan, 1973.
The Great Depression, even more so than the Great Recession, shattered the faith of most people in the Capitalistic system as it was then operating. Conservatives like Stimson believed that reform could be achieved without diminishing the rights of the individual vis a vis the state. To a great extent he was right, but ironically, it tool a liberal like FDR and a Democratic Congress to make the necessary reforms the Republicans would not make and at the same time, not go so far as to reduce the freedom of individual action protected by the Constitution. Arguably, there are several areas where Americans have much more freedom in modern times than they did in 1929 when Hoover’s inaction brought on the Great Depression so severely. Today, minorities, women, dissidents, religions all have much more freedom that in 1929.
Murray Newton Rothbard was an American heterodox economist of the Austrian School, economic historian and political theorist. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of historical revisionism and a central figure in the 20th-century American libertarian movement. He wrote over twenty books on political theory, revisionist history, economics, and other subjects.
