Author Archives: jsong0524

What Has Government Done to Our Money

What Has Government Done to Our Money is a 107-page book by Murray Rothbard.  It was originally written in 1963 but has since been updated. Rothbard begins the book by pointing out that monetary policy is often driven by day-to-day … Continue reading

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Man, Economy, and State Study Guide Answers Ch. 4

Ch. 4 – Prices and Consumption What is the significance of the fact that the “number of markets needed is immeasurably reduced” in a money economy? (pp. 233-35)A.  In a direct exchange economy (a hypothetical concept), each good has a … Continue reading

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Man, Economy, and State: Study Guide Answers Ch. 3

Chapter 3 – Indirect Exchange   Name two different problems with direct exchange. (pp. 187-88) A:  One problem with direct exchange is the lack of “coincidence of wants.”  Exchange can only take place in a direct exchange economy if two … Continue reading

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Libertarianism Today Review

Huebert’s Libertarianism Today has received high praise as an introductory taste of libertarianism at its consistent, radical best by both David Gordon and Walter Block.  This praise is deserved.  In a concise 11 chapters, and under 250 pages, Heubert manages to survey … Continue reading

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Man, Economy, and State: Study Guide Answers Ch. 2

Chapter 2 – Direct Exchange Do different praxeological laws apply to situations of isolation versus society? (p. 79) A:  No, the same praxeological laws apply.  Individuals in society seek to meet their needs simultaneously. What is Rothbard’s definition of society? … Continue reading

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Democracy: The God that Failed Review

Hoppe’s Democracy: The God That Failed is a gut-check to all serious libertarian and Austrian thinkers.  The task of defending a position other than Hoppe’s regarding the role of the State in society is simply insurmountable in light of the … Continue reading

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Man, Economy, and State Study Guide Answers Ch. 1

These are my answers to the questions, which I have thoughtfully considered.  I would appreciate any feedback on these.  I’ll be releasing these one chapter at a time. Study Guide questions by Robert Murphy Chapter 1 – Fundamentals of Human … Continue reading

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