One of These Things Is Not Like the Others

The government, federal or otherwise, has no business model because it is not a business.  We know this at the outset because government does not compete on the market for people’s money, as every other business must do.  As a monopoly of violence it seizes the money it needs through taxes and monetary inflation.  As long as the government doesn’t get carried away by taxing and inflating too much, most people, many of whom call themselves libertarians, regard this setup as necessary.

In America ...

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Published on February 07, 2024 20:01
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Llewellyn H. Rockwell Jr.'s Blog

Llewellyn H. Rockwell Jr.
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