The Anti-Fed Movement

Here’s an interesting piece from WaPo-owned Slate on the anti-Fed movement, which includes trimmers and phonies as well as the real deal. The good guys mentioned include Ron Paul, Jim Grant, Kevin Duffy, and the godfather, Murray Rothbard. Thanks to Bethany McLean for this sentence:

Murray Rothbard, the controversial libertarian economist who many consider the intellectual father of the anti-Fed movement, wrote in 1994 (The Case Against the Fed) that if the Fed were to be abolished, then “the banks would, at last, be on their own, each bank responsible for its own actions. There would be no lender of last resort, no taxpayer bailout [italics mine].”

Now, “controversial” typically means Don’t Read, but Murray’s genius, productivity, and writing ability have made him a colossus 15 years after his untimely death. He was always that, of course, but now people recognize it, in the freedom movement and the Austrian School, which is at its core Misesian-Rothbardian. Thanks to the Mises Institute, all Murray’s works are available for free on the web, with more to come.


My Nullification Course Starts Next Week

Tuesday, November 16, will be the first session of my four-week online course on the history and theory of state nullification.  The course will be delivered via the Mises Academy, the Mises’ Institute’s portal for online instruction.  It will cover the historical, constitutional, and moral arguments that have been raised for and against the idea…