November 17th, 2014

Murray Rothbard on Lao-Tzu as the “First Libertarian”

Jeff Thomas at the International Man has an interesting take on Murray Rothbard’s admiration for Lao-Tzu. The founder of Taoism had little good to say about the philosopher-bureaucrats of his time.


Those in power are meddlesome …

The greater the restrictions and prohibitions,
The more people are impoverished.
The more advanced the weapons of the state,
The darker the nation …

Thus the virtuous attend to contracts
while those without virtue collect taxes …

Act before things exist

Manage them before there’s disorder

The October Issue ofThe Free Market Is Online!

oct_fmIn case you missed it, be sure and check out the October issue of The Free Market, now online at

October’s issue features a short adaptation of Jörg Guido Hülsmann’s important lecture on The Cultural Consequences of Fiat Money, in which Dr. Hulsmann examines how a century of artificially low interest rates and money manipulation has deeply affected our relationship with money and savings.

In addition, Brendan Brown writes on the Federal Reserve’s role in extending World War One and in setting the stage for the post-war depression in the United States.

And, of course, we include the latest new items on new translations of Austrian-school books, new publications from Mises scholars, and Ron Paul’s trip to Brazil.