More than any other single period, World War I was the critical watershed for the American business system. It was a "war collectivism," a totally planned economy run largely by big-business interest through the instrumentality of the central government, which served as the model, the precedent, and the inspiration for state corporate capitalism for the remainder of the century.
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Murray N. Rothbard
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Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition was also in firm and...
Originally published September 1977 in Libertarian Review. In any debate between a socialist and a free-market capitalist, all too often the socialist quickly puts the free-market advocate on the...
[A selection from Left and Right: A Journal of Libertarian Thought, Spring-Autumn 1967.] The chronic Middle East crisis goes back – as do many crises – to World War I. The British, in return for...