War and Inflation
A state without money or a state that must tax its citizens to raise money for its wars is necessarily limited in its imperial ambitions. Keep in mind that this is only a problem for the state.
A state without money or a state that must tax its citizens to raise money for its wars is necessarily limited in its imperial ambitions. Keep in mind that this is only a problem for the state.
If we could abolish public schools and compulsory schooling laws, we would have better schools at half the price—and be freer too.
While capitalism gives rise to prosperity and freedom, the state thrives on an economically ignorant public.
How a person uses the right to associate (and to not associate) is a matter of individual choice profoundly influenced by the cultural context.
If one does not stop in time the pernicious policy of increasing the quantity of money and fiduciary media, the nation's currency system collapses entirely.
"Caius Gracchus" Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.
Few ideas are as closely associated with Marxism, writes Ralph Raico, as the concepts of class and class conflict. But the concept itself, with a more realistic understanding, originates in liberal theory.
Grover Cleveland, who was pro-gold, anti-tariff, and anti-imperialist, was the last American president in the Jefferson/Andrew Jackson/John Tyler tradition.
Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.