Rothbard Rules

‘The [Keynesian] Economist’ misses the inflationist Milton Friedman, and is unhappy with “a certain moralising strand of Austrian economics, which is hostile to the very idea of fiat money.” Ha! The whole article is worth reading, as it mourns the influence of Murray Rothbard (and Ron Paul), and urges the grassroots to adopt inflationist “free banking” instead of gold money and 100% reserve banking. Good luck with that! BTW, here is Murray’s full demolition of Milton. Need I note, as this article indirectly indicates, that the whole world is reading Rothbard, but that Friedman is almost a nobody outside of mainstream academic economics?

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10:22 am on July 25, 2011