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Rothbard on the Sustainability of Monopolies and Oligarchical Cartels

Submitted by dwalters on Wed, 01/02/2013 - 15:40
in

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.

Submitted by dducks on Thu, 01/03/2013 - 01:04.

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

Submitted by Alliance With None on Wed, 01/02/2013 - 19:18.

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.

—

Commerce with all nations, alliance with none.--Thomas Jefferson

scawarren's picture

Great find, thank you :)

Submitted by scawarren on Wed, 01/02/2013 - 18:44.

Great find, thank you :)

Video is incomplete. Lecture

Submitted by fyi2day on Wed, 01/02/2013 - 15:55.

Video is incomplete. Lecture is cut short.

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

Submitted by dwalters on Wed, 01/02/2013 - 16:18.

I've included it now to provide the option.

Full lecture

Submitted by kakihara on Wed, 01/02/2013 - 15:59.

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