Tag: Austrian Economics

On Quitting My Job


“What makes you think you were doing bad work?” Asks the psychologist. Not a real one, just the call-and-response in my cranium.

“Well, there’s only so many hours a workday you can spend on Ricochet when you ought to be doing other things and still think you’re a good worker. I’m not going to sit here taking their coin forever when I’m not providing commensurate services in exchange. It’s dishonest.”

Member Post


I love this. (My emphasis) JD: Given how entrenched the Fed is now after 100-odd years, what do you suggest instead of tinkering? Simply allow other forms of money to compete, to be used for settlement of payments and for taxes? What’s a practical way to reform our monetary system? Preview Open

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Back to School: Austrian School


What has Government Done to Our Money?Please take this as penance for my recent, and recently-deleted, post regarding the Fed. Out of that regrettable conversation came, I hope, one good thing: an opportunity to open a door for the genuinely curious who wonder what I’m so worked up about. Specifically, let me present a good launching point. It isn’t a massive scholarly tome, but it isn’t (or at least isn’t merely) opinionated handwaving.

What Has Government Done to Our Money? and The Case for the 100 Percent Gold Dollar is Murray Rothbard’s famous manifesto on sound money. First published in 1963 in the style of a pamphlet designed for mass distribution, it is one of his most influential works.

Murray Rothbard needs no introduction in libertarian economic circles. For the rest, Rothbard might best be characterized as an economist analogue of David Horowitz. Raised by parents of the Left, he was intellectually unable to reconcile cant with reality, but sincere in his belief in freedom, both in the abstract as a moral good in itself, and in practice the best vehicle for improving the lot of the less fortunate.