Political Activism
As a young man, Rothbard considered himself part of the Old Right, an anti-statist and anti-interventionist branch of the Republican Party. In the 1948 presidential election, Rothbard, "as a Jewish student at Columbia, horrified his peers by organizing a Students for Strom Thurmond chapter, so staunchly did he believe in states’ rights." Years later, he would look back on his support for Thurmond as "naïve":
I actually believed that the States' Rights Party would continue to become a major party and destroy what was then a one-party Democratic monopoly in the South. In that way, an Old Right, Midwestern Republican coalition with States' Rights Democrats could become the majority party!When interventionist cold warriors of the National Review, such as William F. Buckley, Jr., gained influence in the Republican party in the 1950s, Rothbard quit the party, walking out for good when moderate Dwight Eisenhower defeated Old Right stalwart Robert A. Taft for the 1952 Republican presidential nomination. He would go on to support Democrat Adlai Stevenson in that year's election, "largely as the only way to get the Wall Street incubus off the back of the Republican Party." After Rothbard died, Buckley wrote a bitter obituary in the National Review criticizing Rothbard's "defective judgment" and views on the Cold War.
By the late 1960s, Rothbard's "long and winding yet somehow consistent road had taken him from anti-New Deal and anti-interventionist Robert Taft supporter into friendship with the quasi-pacifist Nebraska Republican Congressman Howard Buffett (father of Warren Buffett) then over to the League of (Adlai) Stevensonian Democrats and, by 1968, into tentative comradeship with the anarchist factions of the New Left." Rothbard advocated an alliance with the New Left anti-war movement, on the grounds that the conservative movement had been completely subsumed by the statist establishment. However, Rothbard later criticized the New Left for supporting a "People's Republic" style draft. It was during this phase that he associated with Karl Hess and founded Left and Right: A Journal of Libertarian Thought with Leonard Liggio and George Resch, which existed from 1965 to 1968. From 1969 to 1984 he edited The Libertarian Forum, also initially with Hess (although Hess's involvement ended in 1971).
Rothbard criticized the "frenzied nihilism" of left-wing libertarians, but also criticized right-wing libertarians who were content to rely only on education to bring down the state; he believed that libertarians should adopt any non-immoral tactic available to them in order to bring about liberty.
During the 1970s and 1980s, Rothbard was active in the Libertarian Party. He was frequently involved in the party's internal politics. He was one of the founders of the Cato Institute, and "came up with the idea of naming this libertarian think tank after Cato’s Letters, a powerful series of British newspaper essays by John Trenchard and Thomas Gordon which played a decisive influence upon America's Founding Fathers in fomenting the Revolution."
From 1978 to 1983, he was associated with the Libertarian Party Radical Caucus, allying himself with Justin Raimondo, Eric Garris and Williamson Evers. He opposed the "low tax liberalism" espoused by 1980 Libertarian Party presidential candidate Ed Clark and Cato Institute president Edward H Crane III. According to Charles Burris, "Rothbard and Crane became bitter rivals after disputes emerging from the 1980 LP presidential campaign of Ed Clark carried over to strategic direction and management of Cato."
Rothbard split with the Radical Caucus at the 1983 national convention over cultural issues and aligned himself with what he called the "right-wing populist" wing of the party, notably Lew Rockwell and Ron Paul, who ran for President on the Libertarian Party ticket in 1988. "Rothbard worked closely with Lew Rockwell (joined later by his long-time friend Burt Blumert) in nurturing the Ludwig von Mises Institute, and the publication, The Rothbard-Rockwell Report; which after Rothbard’s 1995 death evolved into the popular website, LewRockwell.com."
In 1989, Rothbard left the Libertarian Party and began building bridges to the post-Cold War anti-interventionist right, calling himself a paleolibertarian. He was the founding president of the conservative-libertarian John Randolph Club and supported the presidential campaign of Pat Buchanan in 1992, saying that "with Pat Buchanan as our leader, we shall break the clock of social democracy."
Like Buchanan, Rothbard opposed the North American Free Trade Agreement (NAFTA). However, later he became disillusioned with Buchanan, believing that the latter's "commitment to protectionism was mutating into an all-round faith in economic planning and the nation state." Rothbard then shifted his interest and support to Ross Perot, who Rothbard wrote had "brought an excitement, a verve, a sense of dynamics and of open possibilities to what had threatened to be a dreary race." There was active talk of the two meeting to discuss electoral strategy. Rothbard ultimately supported George Bush over Bill Clinton in the 1992 election.
Lew Rockwell has said that Rothbard is considered the "dean of the Austrian School of economics, the founder of libertarianism, and an exemplar of the Old Right".
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“Fascism, the more it considers and observes the future and the development of humanity, quite apart from political considerations of the moment, believes neither in the possibility nor the utility of perpetual peace.”
—Benito Mussolini (18831945)