Volume 3, No. 3 (Fall 2000)
There seems to be a lot less disagreement between Rothbard and Rashid than meets the latter’s eye. The biggest issue on which there is a gap separating Rashid from Rothbard (and Mises) is in the necessity of money originating from a commodity. Here I believe the regression theorem makes clear why Rothbard is correct and Rashid is incorrect. On other issues, either there is agreement to be found between the two in other works of Rothbard than that “lucid monograph” What Has Government Done to Our Money?, or the disagreements come from looking at the issues at different levels, so that differences are not contradictory.
