Weighing in on the side of John Locke, not only on interest rates but also in a general and comprehensive vision of economic laissez-faire that even surpassed Locke, were two brothers, Dudley and Roger North.
It is a hopeless task to interpret a symphony, a painting, or a novel. The interpreter at best tries to tell us something about his reaction to the work. He cannot tell us with certainty what the creator's meaning was or what other people may see in it.
The collectivist doctrines look upon the individual merely as a refractory rebel. This sinful wretch has the impudence to give preference to his petty selfish interests as against the sublime interests of the great god society.
He understood economic relationships, and he saw that such economic concepts as scarcity, price, profit, and investment have implications that go far beyond the scope of economic behavior as ordinarily represented in works of "economic" or "social" fiction.
How often do you hear the minarchist say, "Well, I don't like government, but we at least need things like traffic laws. We need a government to keep us safe"? What if we actually began to publicly advocate the abolition of traffic regulations?
Were it not for the state's incessant need to homogenize and its inability to cope with diversity, the languages of the world would not be in the dire situation they are today.
Critics condemn economic theory for disregarding the role that power plays in real life.
Hence, one is forced to conclude that the libertarian ethic not only can be justified and justified by means of a priori reasoning, but that no alternative ethic can be defended argumentatively.
"The black market in information is simply individuals cooperating in order to manipulate their own private property."
