Link if video does not play: State is an Institution of Theft
Transcript – Godfrey Bloom – Member of European Parliament
Who is Murray Rothbard?
Three cheers for a great speech on the hypocrite nannycrats. And as many Mish readers know Murray Rothbard is far beyond a “great American philosopher“.
As Wikipedia explains, Murray Rothbard …
“was an American economist of the Austrian School, a historian, and a political theorist whose writings and personal influence played a seminal role in the development of modern libertarianism. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of historical revisionism, and a central figure in the twentieth-century American libertarian movement. He wrote over twenty books on anarchist theory, history, economics, and other subjects. Rothbard asserted that all services provided by the “monopoly system of the corporate state” could be provided more efficiently by the private sector and wrote that the state is “the organization of robbery systematized and writ large. He called fractional reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations. In the words of Hans-Hermann Hoppe, “There would be no anarcho-capitalist movement to speak of without Rothbard.”
Case Against the Fed
I highly recommend two easy-to-read book by Rothbard, both available as free eBooks courtesy of the Ludwig von Mises Institute.
Please read the books! They are free, short, and easy to understand. They explain the fraudulent nature of the economic system we are in.
Mike “Mish” Shedlock
State is an Institution of Theft (Except of Course for Politicians and their Escape Hatches)