Neocon Mag Outraged

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The New Republic—pro-war, pro-state, anti-market—is outraged because libertarians and Republicans are criticizing the Fed. Why can’t they be pro-Fed like Milton Friedman? Maybe because, through Ron Paul, they have been shaped by Murray Rothbard, the great opponent of central banking. Note that the mag fails even to mention Ron and his book, End the Fed. Yet it’s Ron, building on the Austrian economists, who is the most influential public official ever to oppose the Fed. And millions now agree with him. To the New Republic—and Ben Bernanke, undoubtedly—this marks an “intellectual Dark Age.” Of course, I call it a Rothbardian Enlightenment. (Thanks to Alec Edelstein)

2:40 pm on September 27, 2011