At the outset of the American "experiment," the tax burden was light. Money was gold and silver. The definition of private property was clear and seemingly immutable, and the right to self-defense was sacrosanct. No standing army existed, and a firm commitment to free trade and a noninterventionist foreign policy appeared to be in place. Two hundred years later, matters have changed dramatically, writes Hans-Hermann Hoppe.
This audio Mises Daily is narrated by Floy Lilley.