How is Fiat Money Possible? or, The Devolution of Money and Credit
From The Review of Austrian Economics Vol. 7, No. 2, 1994.
From The Review of Austrian Economics Vol. 7, No. 2, 1994.
From The Review of Austrian Economics Vol. 7, No. 1, 1993.
A state is a territorial monopolist of compulsion, an agency which may engage in continual, institutionalized property rights violations and the exploitation of private property owners through expropriation, taxation, and regulation.
This essay is based on a chapter of Democracy: The God That Failed.
Stephan Kinsella lp-3-1 Mac OS X 10.6.6 Quartz PDFContext
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