James Buchanan thought the state was a voluntary institution. Murray Rothbard, on the other hand, understood the reality of state violence and coercion.
From the point of view of present-day standard macroeconomics, monetary history is a succession of technical changes to facilitate an increasingly large inflation of the money supply.
Mexico is not hindered by capitalism run amok, but by state actors, whether they be ignorant or malicious. The state will not save the Mexican economy. Real market freedom will.
Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear.
Internationalism in the interpretation of libertarian philosophy and Marxist doctrine are two completely different concepts. One is a natural outcome of human cooperation. The other is pure myth.
There is need to realize that the economic policies of self-styled progressives cannot do without inflation. They cannot and never will accept a policy of sound money.
During August 2021, year-over-year (YOY) growth in the money supply was at 8.2 percent. That's down from July's rate of 8.9 percent, and down from the August 2020 rate of 37.5 percent.
