Our Enemy, the State
"Every assumption of State power, whether by gift or seizure, leaves society with so much less power."
"Every assumption of State power, whether by gift or seizure, leaves society with so much less power."
When a city is bombed, it is destroyed by people with evil intentions. When a city is subjected to rent control, it is destroyed by people with good intentions.
If Rothbard is correct, the entire basis of modern deposit banking, the fractional-reserve system, is a type of counterfeiting that must be abolished.
No matter how you slice it, the former Maestro spawned housing, commodity, and stock booms with his reckless policies.