American Economy and the End of Laissez-Faire – 11 of 13 – Woodrow Wilson and World War I

The American Economy and the End of Laissez-Faire: 1870 to World War II

11. Woodrow Wilson and World War I
Lecture by Murray N. Rothbard

Where did Benjamin Strong – head of the Fed – come from? Rothbard continues to reveal the individuals who shaped our world and wars. Morgan’s empire brought us the irrational and useless WWI. Foreign policy today rests upon this Morgan outlook. The Versailles Treaty was a harsh thoughtless division of lands and economies. Many powerful politicians get their start under Wilson.

Roosevelt and Hoover were both progressive Wilsonians. 1913 gave us the Fed and the income tax.

Lecture 11 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture as a Podcast: http://enemyofthestate.podomatic.com/

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

Source: American Economy and the End of Laissez-Faire – 11 of 13 – Woodrow Wilson and World War I – YouTube

http://www.readrothbard.com/american-economy-and-the-end-of-laissez-faire-11-of-13-woodrow-wilson-and-world-war-i

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American Economy and the End of Laissez-Faire – 12 of 13 – The Great Cooperation

The American Economy and the End of Laissez-Faire: 1870 to World War II

12. The Great Cooperation
Lecture by Murray N. Rothbard

Public housing, planned cities, government power plants, and coerced unionism were all part of the great cooperation between corporations and government through WWI and WWII. Milton Friedman proposed the withholding tax in WWII. Statistics came into being. Cartels were created to manage many industries, e.g. railroads and food. Unions were pro-war forces. Fascism was considered great. Civil liberties were dropped. Coolidge continued as a Morgan man.

Lecture 12 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture as a Podcast: http://enemyofthestate.podomatic.com/

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

Source: American Economy and the End of Laissez-Faire – 12 of 13 – The Great Cooperation – YouTube

http://www.readrothbard.com/american-economy-and-the-end-of-laissez-faire-12-of-13-the-great-cooperation

TRANSCRIPT Continue reading “American Economy and the End of Laissez-Faire – 12 of 13 – The Great Cooperation”

American Economy and the End of Laissez-Faire – 13 of 13 – Politics and the Power Elite

The American Economy and the End of Laissez-Faire: 1870 to World War II

13. Politics and the Power Elite
Lecture by Murray N. Rothbard

With WWII, Morgans get their war in Europe; Rockefellers get their war in Asia. Both sides are happy. Rockefellers take over foreign relations and create the Trilateral Commission, while electing Carter President in 1977. Coolidge had an entire Morgan cabinet. More Morgan men under Roosevelt. Central banks were set up in each country. Deliberate inflation prevented the loss of gold from certain countries. Hoover was the first New Dealer. Roosevelt in 1932 simply expanded it. The National Recovery Association was a creation of the Hyde Park group. The Roosevelts were closely connected to the wealthy Astors. Rockefeller men began replacing Morgan men. The Harrimans were connected to these power elites,running banking interests. Kuhn, Loeb & Co., Goldman Sachs and Lehman Brothers took over investment banking. Major differences are now between the Eastern establishment (cultured, old money – Kennedy) and the Southern Rim (cowboy- Reagan).

Lecture 13 of 13 presented in Fall of 1986 at the New York Polytechnic University.

This lecture as a Podcast: http://enemyofthestate.podomatic.com/

Sourced from: https://mises.org/library/american-economy-and-end-laissez-faire-1870-world-war-ii

Source: American Economy and the End of Laissez-Faire – 13 of 13 – Politics and the Power Elite – YouTube

http://www.readrothbard.com/american-economy-and-the-end-of-laissez-faire-13-of-13-politics-and-the-power-elite

TRANSCRIPT Continue reading “American Economy and the End of Laissez-Faire – 13 of 13 – Politics and the Power Elite”