“The Austrian craze is particularly curious because it has displaced a school of economics that ought to be more appealing to the proud and patriotic, especially those who claim to be true to the views of the nation’s founders. That would be the school known as ‘the American system’…[a]s articulated by thinkers from Alexander Hamilton to Henry Clay to Abraham Lincoln….” Very funny. Why can’t you people just be government-loving, trade-warring, state-building mercantilists? Then journos could praise you.
Famed liberal journo Joe Conason is worried about the increasing influence of Rothbardian “anarcho-capitalism” and the related “Austrian school of economics.” As well he should be. It is these radical ideas–undistorted by the journos–that enthrall the young, and indeed any thinking person. We all know there is something desperately wrong–morally and economically–with the US empire and its police state, welfare state, and banksterism. We are, after all, living in yet another Federal Reserve depression. The average family’s income has not increased in real terms since the 1970s, the first decade of full Fed power. The state and its related corporations are enriching themselves by making us poorer.Details