Monetary Crankism as National Policy

I watched recently a speech given by Murray Rothbard at a conference back in the 80’s (I don’t know if the video has been pulled from Youtube, but I cannot find it). He opened the talk by saying that a couple times a year he receives a mailing from someone, usually in a large envelope. Inside would be a paper 400+ pages long written in red crayon. Rothbard said if he scanned through the writing he would find that the solution proposed by the author usually boiled down to giving everyone more money, copious amounts of money. Rothbard says that in the old days these people would be called “monetary cranks”.

I find it humorous that what was once considered extreme monetary crankism, is now the stated policy of the federal government.

Author: Robert Slye

Robert Slye is the editor and publisher of ManAndWar.com. Contact him at rs@manandwar.com

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