Why is unemployment stuck at 10 percent in the narrowest measure and as high as 30 percent for some demographics? The usual answer is that the broad economy is not recovering. That's true but superficial; it explains nothing. We have a problem of a specific kind with the job market.
Murray Rothbard, in his life, was known as Mr. Libertarian. We can make a solid case that the title now belongs to Walter Block, a student of Rothbard's whose own vita is as thick as a phone book, as diverse as Wikipedia.
As Mark Thornton has shown, the big legislative change that FDR made at the start of his presidency, the decision that affected every single American citizen from one coast to the other, was the repeal of the 13-year hell of Prohibition.
We are witnessing the fall of the American dream, which has always been about having hope in the future. This is a striking fact of our times, one made even more devastating as we look at the economic fundamentals.
Es natural preguntarse qué erudito hoy en día ha heredado el manto de Rothbard. Para mí, esta es la forma incorrecta de mirarlo. Rothbard amplió enormemente ese manto para que cientos, miles y millones de personas puedan usarlo.
It is natural to wonder what scholar today has inherited the mantle of Rothbard. To me this is the wrong way to look at it. Rothbard vastly broadened that mantle so that hundreds, thousands, and millions of people can wear it.