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These four books offer an in-depth look at the relationship between political power and economic liberty from different but complementary perspectives. These books make a powerful case for a simple principle: liberty flourishes when political power is constrained, markets are allowed to function, and government is restrained from manipulating money, markets, and foreign affairs.
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Cronyism: Liberty versus Power in Early America, 1607–1849

With the release of our newest book Cronyism: Rise of the Corporatist State, 1849–1929, grab the first book in the series. America was founded on a radical idea, that government exists to protect rights, not to dispense favors. Yet from the earliest days of the republic, the temptation was already there. Political power creates opportunities for private interests to secure privileges, subsidies, monopolies, and protections unavailable in a genuinely free market. Cronyism: Liberty versus Power in Early America, 1607–1849, explores how this struggle unfolded in the formative years of the American experiment.
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America’s Great Depression

What if the Great Depression was not a failure of capitalism, but a failure of government intervention? In America’s Great Depression, Murray N. Rothbard demolishes the conventional explanation of the 1930s and offers an accurate summary of America’s economic catastrophe. Drawing on Austrian economics, Rothbard traces the Depression to the boom-and-bust cycle of the 1920s, monetary expansion, credit manipulation, and the government policies that transformed a recession into a prolonged economic disaster.
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A Foreign Policy of Freedom

Ron Paul challenges the bipartisan consensus that America must police the world, finance foreign governments, and intervene militarily wherever Washington sees a threat. For Paul, the Founders’ warning against entangling alliances was not an antiquated slogan. It was a recognition of a fundamental political truth: foreign intervention requires power at home and power at home threatens liberty.
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Deflation and Liberty

What if deflation is not the economic catastrophe we have been taught to fear, but a necessary correction to the distortions created by monetary expansion? In Deflation and Liberty, Jörg Guido Hülsmann challenges one of the most deeply rooted assumptions of modern monetary policy, that falling prices are inherently dangerous and that governments and central banks must intervene to prevent them.
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