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Rothbard on the Sustainability of Monopolies and Oligarchical Cartels

Monopolies and Oligarchical Cartels can only be sustained with the use of government force. Here is a short ~9 minute discussion of this topic by the famed Austrian economist, Murray Rothbard:

https://www.youtube.com/watch?v=62rI8OYFzGg

The full lecture - The Founding of the Federal Reserve (1hr 6min) - can be watched here:

https://www.youtube.com/watch?v=Ta7q1amDAN4

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Thanks dw.

I haven't seen this. I am hooked on Murray. Here is an entire course on that very subject. It is called The American Economy and the end of Laissez-Faire to World War II. It starts near the bottom at The Civil War and its Legacy.

Apparently every industry has been cartelized long ago.

https://mises.org/media/authors/299/Rothbard/21

Ending The Fed Should Be A Cause For The Political Left

It's disheartening that those who oppose monopoly generally support it in the case of banking.

It's interesting that the Elizabeth Warrens and Paul Krugmans of the world, who profess to have the interests of the poor at heart, aren't charging full steam ahead to end the Fed.

But then they support the minimum wage, so perhaps we shouldn't be so surprised.

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"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard

scawarren's picture

Great find, thank you :)

Great find, thank you :)

Individualism-
To be nobody but yourself in a world which is doing its best, night and day, to make you everybody else means to fight the hardest battle which any human being can fight; and never stop fighting.
e.e. cummings

Video is incomplete. Lecture

Video is incomplete. Lecture is cut short.

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

I figured that most wouldn't sit through the entire lecture...

I've included it now to provide the option.

Full lecture

Can be found on the misesmedia page. It's called "The Founding of the Federal Reserve"

The power to destroy a thing is the absolute control over it