Murray Rothbard on Donald Trump

In a speech given in 1989 at the Libertarian Party convention, Murray Rothbard, the founder of the modern American Libertarian Movement, in discussing reaction to the sentencing  and income of Michael Milken, made the following comment about Donald Trump.

Rothbard quotes the New York Times as discussing the reaction of three famous individuals to the sentencing of Milken, and his $550 million/yr income: John Kenneth Galbraith, Donald J. Trump, and David Rockefeller. Galbraith, who made millions criticizing Capitalism, thought it was outrageous. Rockefeller opined that anyone who could make such an income showed a serious imbalance in our financial system.

When it came to Trump, Rothbard said, “The other was Donald J. Trump, of all the nerve, saying ‘You can be happy on less money than that.’ What gall, what chutzpah!”

All three observations elicited intense laughter from the audience.

-Paul Grad

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