Austrian Economics Newsletter
Author:
Hans-Hermann Hoppe
Online Publish Date:
and cultural values. HOPPE : True, but the central bank, through inflationary policy and easy credit, exports this short-term orientation to the whole economy. If to adhere. The ultimate owner determines the rules based on consent. And there are competitive markets for covenantal property arrangements themselves, offering varying voluntary exchange. But the state hates covenantal arrangements because they form competitive systems of law. The democratic state hates them as much as it hates the