Published Monday, March 26, 2007 by Robert P. Murphy
Robert Murphy is concerned that many bona fide Rothbardians are so disgusted with fiat money and fractional reserve banking systems that they endorse criticisms of these institutions even when they are based on faulty economics. In particular, much of the handwringing over the large current account deficits in recent years would, if valid, be just as applicable to deficits arising in a purely free market.
(Original Text)
Trade Deficits and Collectivism (1.82 MB)