04 Oct 2011

Reminder: Class on the Best of Rothbard Starts Tomorrow

Economics, Rothbard, Shameless Self-Promotion 3 Comments

I am really looking forward to teaching this material. The final third of Man, Economy, and State is jam-packed with great stuff, including the best critiques of Keynesianism (at least the old school variants).

3 Responses to “Reminder: Class on the Best of Rothbard Starts Tomorrow”

  1. Dan says:
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    Are you going to doing Power and Markets also.

    • Bob Murphy says:
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      Not sure. I’ll ask near the end of this course what the level of interest is.

  2. Bob Roddis says:
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    Just like I watch O’Reilly so you don’t have to, I also read the Imperious Lord Keynes blog. There I learned to not be suckered in by the horrors of these evil cultish Rothbardians:

    In the freedom-hating anarcho-capitalist world, private protection agency thugs invade the property of the owners/partners of the fractional reserve bank, committing violence against them, breaking up their profitable business (which is a shining example of private enterprise), and tearing up the bank’s free contracts.

    The fractional reserve bankers are dragged into a private court, and the vicious anarcho-capitalist judge breathes fire and brimstone as he holds up Rothbard’s Man, Economy, and State (as if it were the Bible), banging it on the bench, screaming at the bankers that their fractional reserve bank contracts were really just bailments and they have committed fraud.

    The bankers reply that this is nonsense: all their clients freely agreed to a loan contract, and they produce the contracts to prove this. The prosecution can find no clients who are willing to say that they were defrauded or did not understand the contract.

    Nevertheless, the cultist Rothbardians are adamant fraud has occurred (even though they cannot prove anything). The bankers are found guilty on trumped up charges – conspiracy to commit fraud, fraud, and theft of their clients’ bailments.

    As they are led off to the horrors of an anarcho-capitalist prison, the bankers realise the nature of the Rothbardian anarcho-capitalist world: a world of suppression of private enterprise, violence against businessmen, and violation of the sanctity of free contract.

    http://socialdemocracy21stcentury.blogspot.com/2011/10/if-fractional-reserve-banking-is.html

    Oh dear.