The American Economy and the End of Laissez-Faire: 1870 to World War II Murray N. Rothbard
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- Podcasts
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Presented by Murray N. Rothbard in Fall 1986 at New York Polytechnic University. Recorded by Hans-Hermann Hoppe.
Download the complete audio of this event (ZIP) here.
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10. Cartelization of Banking: The Fed
The Federal Reserve was created in 1913 by Morgan men to cartelize the banking system and limit competition. This is fractional reserve banking rather than 100% reserves. Rothbard thinks it is fraud. It increases the money supply in an inflationary manner by creating money out of thin air.
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11. Woodrow Wilson and World War I
Where did Benjamin Strong - head of the Fed - come from? Rothbard continues to reveal the individuals who shaped our world and wars. Morgan's empire brought us the irrational and useless WWI. Foreign policy today rests upon this Morgan outlook.
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12. The Great Cooperation
Public housing, planned cities, government power plants, and coerced unionism were all part of the great cooperation between corporations and government through WWI and WWII.
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13. Politics and the Power Elite
With WWII, Morgans get their war in Europe; Rockefellers get their war in Asia. Both sides are happy. Rockefellers take over foreign relations and create the Trilateral Commission, while electing Carter President in 1977.
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9. The Progressive Era?
Progressive movement came in in 1900 to eliminate political parties. Technocrats and bureaucrats take over political power. Rural versus urban. Eliminate mayors, eliminate voting altogether, have appointed bureaucrats only. The Progressive party was created by JP Morgan interests.
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8. Regulation and Public Utilities
State dominated cartels used intellectuals as apologists for the government. Big unionism was to transmit orders to the working class. Public utilities were government monopolies for fifty year terms, run without any checks by the public. It is the function of government to run everything.
Customer Reviews
Amazing
Rothbard is simply amazing. His books are awesome but I especially enjoy listening to him in a talk/lecture. It gives a small, much appreciated, glimpse at the wit and humor of this great intellectual thinker.
My ears are bleeding...
The poor quality of the audio makes this unlistenable.