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Joseph T. Salerno Quotes

Rothbard realized that the limited-government laissez-faire position was "logically untenable" when he was unable to answer the objection raised by left-liberal friends: If people could collectively decide that government should provide police, courts, and military defense, then why couldn’t they decide that government should also operate steel mills or dams? Rothbard's epiphany led him to adopt a pure anarcho-capitalist position.
Source: Murray N. Rothbard: Toward a "Science of Liberty" (2026) [link] #821

About Joseph T. Salerno

(From Wikipedia)
Joseph T. Salerno

Joseph T. Salerno (born 1950) is an American Austrian School economist who is Professor Emeritus of Economics in the Finance and Graduate Economics departments at the Lubin School of Business at Pace University, Academic Vice President of the Ludwig von Mises Institute, and holds the John V. Denson II Endowed Professorship in the economics department at Auburn University. He earned his B.A. at Boston College and his M.A. and Ph.D. at Rutgers University.

Salerno's parents immigrated to the United States from Italy. As a child, he observed his "New Deal Democrat" father's disdain for a visiting relative from Italy who had declared himself a member of the Italian Communist Party. Salerno said that following the incident, he became a supporter of Barry Goldwater's 1964 presidential candidacy and a "full-fledged Goldwaterite." Thereafter, Salerno decided that he wanted to study economics. As an undergraduate at Boston College, he read an article written by Murray Rothbard and adopted what he describes as "the pure libertarian position... anarcho-capitalism." This, he stated, led to his interest in the Austrian School.

Salerno has published op-eds online at mises.org, forbes.com, Christian Science Monitor, Wall Street Oasis, and Economic Policy Journal. He has appeared on Bloomberg Radio, C-SPAN, Fox News, and the Fox Business Networks. Salerno's theories have been explicated by Israel Kirzner in a survey of Austrian thought on entrepreneurship.


Additional Resources

Joseph T. Salerno | Mises.org
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