Episode 48 – American Economy and the End of Laissez-Faire – 8 of 13 – Regulation and Public Utilities

The American Economy and the End of Laissez-Faire: 1870 to World War II

8. Regulation and Public Utilities
Lecture by Murray N. Rothbard

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. Regulation was rampant, e.g. prohibition. Social workers wanted to abolish the saloons. German brewers were suspect of weakening soldiers. Constitutional amendment outlawed liquor.

Lecture 8 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/p09wxsT3g5o

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

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Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State

Episode 47 – American Economy and the End of Laissez-Faire – 7 of 13 – Theodore Roosevelt Master Reformer

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The American Economy and the End of Laissez-Faire: 1870 to World War II

7. Theodore Roosevelt: Master Reformer
Lecture by Murray N. Rothbard

Assassinations in American are only by lone nuts. No one who benefits is ever suspected, like Lyndon Johnson. The progressive period saw a re-alliance of church and state – secularized extreme Pietism (Protestant sects) with government as savior by intervening in markets. Meat packing regulations and the Sugar Trust under Teddy Roosevelt, passed in June 1906. The myth was that the meat was diseased and people were dying of it. That was false. The big meat packers were asking for regulations because they wanted to sue their small competitors. The Pure Food and Drug Act was a prototype for the whole progressive movement toward purity of body, mind and soul. Adulteration only meant any change in the name of the sugar chemistry.

Lecture 7 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/IaxuwpUpKeA

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

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Presented by:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State

Episode 46 – American Economy and the End of Laissez-Faire – 6 of 13 – Tariffs, Inflation, Anti Trust and Cartels

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The American Economy and the End of Laissez-Faire: 1870 to World War II

6. Tariffs, Inflation, Anti-Trust and Cartels
Lecture by Murray N. Rothbard

The Sherman Act outlawed restraint of trade. The Clayton Act added to that. Anti-Trust hysteria came in the 1940-50s. Whatever you did would be considered monopolistic. The charges didn’t come from consumers, they came from whining competitors. It was government-enforced blackmail. The US leather industry was put out of business. The corn starch industry was put out of business. Retail cartels, enforced by the government, imposed artificially higher prices on products. It was the welfare state in action. Claims of economic privilege were whipped up by racial and ethnic claims.

Teddy Roosevelt is my least favorite person. He liked killing.

Lecture 6 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/-Ine69dwMz4

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

We are not endorsed or affiliated with the above.

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Presented by:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State

Episode 45 – American Economy and the End of Laissez-Faire – 5 of 13 – Pietism and the Power Brokers

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The American Economy and the End of Laissez-Faire: 1870 to World War II

5. Pietism and the Power Brokers
Lecture by Murray N. Rothbard

When pietists shift to the Republican party, they form the progressive movement of 1900-1920. Rockefeller- McKinley forms alliances with power brokers like Kuhn, Loeb & Co., and Harriman (versus the Morgans).

Teddy Roosevelt (Oyster Bay wing of the family) was financially in with the Morgans. The Panama Canal caper included a fake revolution in Panama in order to give more U.S. money to the French canal company, whose shares were owned by a Morgan group.

In industry, iron and steel found double protection through tariffs and greenback inflation. Morgan tried to establish cartels, but failed. The iron and steel companies then turned to government to do it for them- a progressive move.

Lecture 5 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/2K2u82fMXE8

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

We are not endorsed or affiliated with the above.

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Presented by:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

Website: http://www.ReadRothbard.com
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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State

Episode 44 – American Economy and the End of Laissez-Faire – 4 of 13 – The Rise and Fall of Monopolie

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The American Economy and the End of Laissez-Faire: 1870 to World War II

4. The Rise and Fall of Monopolies
Lecture by Murray N. Rothbard

Petroleum entered the industrial scene in 1859 with John D. Rockefeller’s hard work. As the first manufacturing corporation, Standard Oil created a monopoly in kerosene refining by buying others out. A huge drop in the price of fuel followed, benefiting consumers, due to production efficiencies. Rothbard, then, discusses pietists, prohibitionists and the big political shift of 1896.

Pietists, prohibitionists, anti-immigrationists, and women suffragettes had made a big Republican drive before 1890. But then a big, sudden shift in politics occurred, with Democrats capturing the big Midwest states, due to demographics of Germans, higher birth rates, anti-prohibitionists, and hard money standards. After this, the Republican party got more moderate and theĀ  Democratic party got captured by extreme pietists in 1896. The South became a fully Democratic region. The Panic of 1893 resulted in the loss of Democratic seats due to the depression. By 1896 Bryanites were taking over the party. German Lutherans, and Catholics became majority-party Republicans, leaving the Irish to become minority-party Democratic civil servants. This situation lasts until 1932. The parties become non-ideological. Statists prevailed.

Lecture 4 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/fUmK_Kye56w

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

We are not endorsed or affiliated with the above.

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Presented by:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

Website: http://www.ReadRothbard.com
iTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868
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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State

Episode 43 – American Economy and the End of Laissez-Faire – 3 of 13 – The Decline of Laissez-Faire

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The American Economy and the End of Laissez-Faire: 1870 to World War II

3. The Decline of Laissez-Faire
Lecture by Murray N. Rothbard

Economics is a constant fight between the market and the government. The railroad cartel did not work against the free market even with ideal conditions. Airlines were tightly regulated until the small airlines began to compete in quality. Deregulation followed. Cleveland deviated from laissez-faire because of Morgan interests.

After the Civil War, manufacturing thrived – our own Industrial Revolution was underway. Prices fell. Savings rose. Capitalists owned the machinery so the workers no longer had to. The factory system enormously increased productivity.

Corporations are legitimate as libertarian entities. Industry made petroleum a natural resource.

Lecture 3 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/eHmu2nQ7fu8

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

We are not endorsed or affiliated with the above.

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Presented by:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

Website: http://www.ReadRothbard.com
iTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868
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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State

Episode 42 – American Economy and the End of Laissez-Faire – 2 of 13 – The Railroading of the American People

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The American Economy and the End of Laissez-Faire: 1870 to World War II

2. The Railroading of the American People
Lecture by Murray N. Rothbard

The railroads experienced both enormous growth and enormous government intervention. Land was closed off from settlement, causing farmers to oppose the privileged railroads. Markets were skewed. Waste and inefficiencies were high. Graft and corruption were rampant. Only the Great Northern by James Hill was built with private monies. It became the of the few transcontinental railroads not to go bankrupt.

Lecture 2 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture on YouTube: https://youtu.be/EypkF60gW_4

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

We are not endorsed or affiliated with the above.

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Presented by:

Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothbard. We curate content on the www.ReadRothbard.com site including books, lectures, articles, speeches, and we make a weekly podcast based on his free-market approach to economics. Our focus is on education and how advancement in technology improves the living standards of the average person.

The Read Rothbard Podcast is all about Maximum Freedom. We look at movies and current events from a Rothbardian Anarchist perspective. If it’s voluntary, we’re cool with it. If it’s not, then it violated the Non-Aggression Principle and Property Rights – the core tenants of Libertarian Theory – and hence – human freedom.

Website: http://www.ReadRothbard.com
iTunes: https://itunes.apple.com/us/podcast/the-read-rothbard-podcast/id1166745868
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Murray Rothbard, Murray N Rothbard, Read Rothbard, Anarchy, Anarchism, Free-Market, Anarcho-Capitalism, News and Events, Podcast, Laissez-Faire, Voluntaryist, Voluntaryism, Non-Aggression Principle, NAP, Libertarian, Libertarianism, Economics, Austrian Economics,
Source: Enemy of the State