Since the State thrives on what it expropriates, the general decline in production that it induces by its avarice foretells its own doom. Its source of income dries up. Thus, in pulling Society down it pulls itself down.
There is nowhere Marx is fuzzier or shakier than in the concept of historical materialism, the key to the inevitable dialectic of history.
What can we can learn from the early Austrian economists about the alleged decadence of Vienna in their time?
The central problem that confronts modern libertarian political theory is how to place limits on the number and kinds of intrusions in which government may engage — and how to ensure that it will confine itself to these limits.
War follows protection. Peace follows free trade. As David Ricardo said, “If you want peace, starve the government.”
Jesús Huerta de Soto is probably the most important Austro-libertarian thinker you're not reading.
Well look what happens if you actually call Krugman’s bluff and click on the link.
