Rothbardian Economics

Rothbardian economics, rooted in the Austrian School, emphasizes individual liberty, free markets, and minimal government intervention. It advocates for voluntary exchange as a means of creating wealth and argues that markets are best at allocating resources efficiently. Murray Rothbard, the key figure, rejected state control and inflationary monetary policies, promoting a sound, gold-backed currency. He believed that all human interactions should respect property rights and that ethical behavior in economics stems from personal responsibility. Essentially, Rothbardian economics champions the idea that freedom leads to prosperity and innovation in society.