| Before the Reagan era, conservatives were clear about how they felt about deficits and the public debt: a balanced budget was good, and deficits and the public debt were bad, piled up by free-spending Keynesians and socialists, who absurdly proclaimed that there was nothing wrong or onerous about the public debt. Since Reagan, however, intellectual-political life has gone topsy-turvy. Conservatives and allegedly “free-market” economists have turned handsprings trying to find new reasons why “deficits don’t matter,” why we should all relax and enjoy the process. Originally published in 1992. Narrated by Harold Fritsche. Music by Kevin MacLeod. http://mises.org
Full text of “Repudiating the National Debt” available online: * * * * * Murray N. Rothbard (1926-1995) was America’s greatest radical libertarian author — writing authoritatively about ethics, philosophy, economics, American history, and the history of ideas. He presented the most fundamental challenge to the legitimacy of government, and he refined thinking about the self-ownership and non-coercion principles. Links to more online writings by Murray Rothbard: Man, Economy, and State: A Treatise on Economics For a New Liberty: The Libertarian Manifesto The Ethics of Liberty Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Vol. I Classical Economics: An Austrian Perspective on the History of Economic Thought, Vol. II The Case Against the Fed What Has Government Done to Our Money? A History of Money and Banking in the United States The Progressive Era The Betrayal of the American Right Conceived in Liberty, Vol. 1: A New Land, A New People: The American Colonies in the Seventeenth Century Conceived in Liberty, Vol. 2: “Salutary Neglect”: The American Colonies in the First Half of the Eighteenth Century Conceived in Liberty, Vol. 3: Advance to Revolution, 1760-1775 Conceived in Liberty, Vol. 4: The Revolutionary War, 1775-1784 Conceived in Liberty, Vol. 5: The New Republic: 1784–1791 Ludwig von Mises: Scholar, Creator, Hero Anatomy of the State Economic Depressions: Their Cause and Cure Education: Free and Compulsory Science, Technology, and Government Ten Great Economic Myths The Economics of War Left, Right, and the Prospects for Liberty Kingdom Come: The Politics of the Millennium Egalitarianism as a Revolt Against Nature Murray N. Rothbard vs. The Philosophers America’s Great Depression Wall Street, Banks, and American Foreign Policy World War I as Fulfillment: Power and the Intellectuals Related online resources: Murray Rothbard: Mises’s True Heir Man, Economy, and Liberty: Essays in Honor of Murray N. Rothbard Rothbard’s Legacy Rothbard Vindicated Murray N. Rothbard: Mr. Libertarian Meeting Murray Rothbard On the Road to Libertarianism The Unstoppable Rothbard The Political Importance of Rothbard Penthouse Interviews Murray Rothbard * * * * * Text of this audio presentation published on Mises.org. Both text and audio licensed under Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International License. http://creativecommons.org/licenses/by-nc-nd/4.0/ This YouTube channel is in no way endorsed by or affiliated with the Ludwig von Mises Institute, any of its scholars or staff members. |
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