“Originally, Congress provided in 1793 that all foreign coins circulating in the United States be legal tender. Indeed, foreign coins have been estimated to form 80 percent of American domestic specie circulation in 1800.”

American economist and political theorist

Murray Newton Rothbard was an American economist, economic historian, political theorist, and activist. He was a major figure in 20th-century American libertarianism and a founder and leading thinker of anarcho-capitalism. He wrote more than twenty books on political theory, history, economics, and related subjects. His work placed him at the center of debates over liberty, markets, and the role of the state.