American - Economist | March 2, 1926 - January 7, 1995
Where did Keynes stand on overt fascism? From the scattered information now available, it should come as no surprise that Keynes was an enthusiastic advocate of the 'enterprising spirit' of Sir Oswald Mosley, the founder and leader of British fascism, in calling for a comprehensive 'national economic plan' in late 1930.
Murray Rothbard
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Hoover had prevented 'an immediate attack upon wages as a basis of maintaining profits,' but the result of wiping out profits and maintaining artificial wage rates was chronic, unprecedented depression.
DepressionResultOutAttackWages
Every man must have freedom, must have the scope to form, test, and act upon his own choices, for any sort of development of his own personality to take place. He must, in short, be free in order that he may be fully human.
FreedomPersonalityManFreeChoices
As Ludwig von Mises conclusively demonstrated in 1912, money does not and cannot originate by order of the State or by some sort of social contract agreed upon by all citizens; it must always originate in the processes of the free market.
MoneyFreeAlwaysContractMarket
It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society.
PowerWarSocietyPrideEconomyOwn
The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
WarDefeatedCourseStateUnless
There is one good thing about Marx: he was not a Keynesian.
GoodHeAboutThingGood ThingMarx
If you wish to know how libertarians regard the State and any of its acts, simply think of the State as a criminal band, and all of the libertarian attitudes will logically fall into place.
ThinkWishYouFallPlaceKnow
Libertarians regard the state as the Supreme, the eternal, the best organized aggressor against the persons and property of the mass of the public. All states everywhere, whether democratic, dictatorial, or monarchical, whether red, white, blue or brown.
BestRedBlueWhitePropertyBrown
Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is 'objectivist' - values are in inherent in production.
PathTraditionValuesEarlyBritish
Subjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology.
SoundNecessaryPrincipleMethodology
After the Volcker Fund collapsed, I got another grant from the Lilly Endowment to do a history of the U.S., which I worked on from 1962-66. The original idea was to take the regular facts and put a libertarian assessment on everything.
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