Murray Rothbard Down The Memory Hole?Submitted by MarcMadness on Mon, 01/21/2013 - 15:33
With the explosion of the liberty movement over the past five or six years there has likewise been a surge in interest in libertarian ideas as well as Austrian economics. And slowly, references to these ideas are leaking into the mainstream, as evidenced most recently by the mentioning of Austrian economics on an episode of “The Simpsons”.
Even one of America’s great CEO’s has been “coming out of the closet” lately. Whole Foods founder John Mackey, who has recently received both scorn and praise for comparing Obamacare to fascism, was recently interviewed by Greta Van Susteren of Fox News. At one point during this interesting interview, Mackey describes how he began to read the works of many free market economists such as Ludwig Von Mises, FA Hayek and the subject of this weekly column Murray Rothbard, all associated with the Austrian School of Economics. The reference can be found around the 3:25 mark in the video here.
Any references to the Austrian School and Austrian economists in the mainstream media are of course great for the liberty movement. Sometimes all it takes is one Google search of ”Austrian economics” or “Murray Rothbard” to send someone down the liberty rabbit hole from whence they shall return as a full-fledged freedom fighter.
However, in the case of Mr. Mackey’s interview on Fox News, something odd seems to have occurred. On the transcript of the interview, it seems that the reference to Murray Rothbard has been eliminated completely:
But once I did — once we did start whole foods and I did have a meet a payroll, I was having trouble. I mean, we had our team members wanted higher pay and our customers saw our prices were too high and suppliers, we were small and they didn’t want to give them discounts. So we lost half of the capital. We had $45,000 to start with and we lost $23,000 of it the first year. Renee and I only got paid $200 a month and people were saying I was, you know, kind of a bad guy now because I was a business person.
So, I threw out that philosophy, didn’t work, and I began to read widely and I read a number of free market economists like Frederick Hayek and Ludwig Von Mises and I discovered these explanations of the world worked a lot better than the philosophy I had previously. I learned the business is the greatest value creator in the world. We create value for customers, for employees, for suppliers, for investors, the communities we’re part of. Business people are heroic. We’re not the bad guys. We’re the good guys.
The reference to Murray Rothbard is very clear in the video, yet has completely disappeared from the transcript of the interview. But are the corporate fascists at Fox News the only ones sending Rothbard down the memory hole? Maybe not.