"In the panic of 1819, the protectionists stressed the lack of consumer markets abroad and the necessity for building up a market at home. The inflationists, on the other hand, stressed the shortage of money capital available to manufacturers as a cause of the crisis."
Murray Rothbard was an American economist and political theorist associated with the Austrian School. He wrote extensively on economics, history, and libertarian political philosophy and was a leading modern advocate of anarcho-capitalism.