Category: Economics

What Has the Government Done To Our Money? Part III

Chapter 12: Money Warehouses Since in the free market we would use some sort of coins, they would eventually get too bulky to carry around, and warehouses would emerge. We would store our money in a warehouse and carry a warehouse receipt that would guarantee our ownership of the money. Warehouses would probably be even more important with money than other items, since we will always withdraw other items from a warehouse to use. But money has no “use” per se, we can’t consume it, just exchange it. It is just transferred from one person to another, and there’s no…

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One World Currency…Here We Come!

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At the conclusion of Rothbard’s book, “What Has the Government Done To Our Money?” he discusses the future of money in the post-Bretton Woods economy. He says that the only way to reach stability is to return to the classical gold standard of the 1800’s. Sadly, however, no one is interested in that, but rather, a world currency is the more “viable” option. Here’s a recent article about that.

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“Milton Friedman Unraveled”

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By Murray Rothbard, here. Warning: This article is very long, and only for the brave of heart. I haven’t even attempted the whole thing yet, but hope to return when I have more time and give this article the time it deserves. I posted it because I feel that Friedman’s ideas are more dangerous than even Keynes. I’ve heard people say how Friedman was their “hero” and everyone assumes then, “oh, you must believe in the free market.” I think Friedman was a sort of impostor. That’s why we need someone like Rothbard to unveil his true motives and beliefs.

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“What Has the Government Done To Our Money?” Part II

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There’s a fundamental difference between money and all other goods. Other goods are purchased in order to do something with them. You get value from the thing, be it a sandwich (it has fulfilled your need for food) or a television, a house, a car, etc…it is providing something you need or want. Money doesn’t do anything, except get you other things. You can’t live in money, you can’t eat money, money doesn’t entertain you, its sole purpose is a general medium of exchange. If suddenly I had twice as much money, there wouldn’t be twice as many good to…

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Interview with a Double

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It seems that interviews are all the rage these days, from Lew Rockwell interviewing Ron Paul to Tom Woods being interviewed by a Zombie. Some of us more unfortunate people aren’t exactly being bombarded with requests to be interviewed. Yet we (translate: I) want in on the fun too. So, why can’t I interview myself? After doing this interview, I have a suggestion for all you famous people, you should try this too. I’ve noticed that many times when you’re interviewed, you don’t get much time to answer the questions, and sometimes (translate: most of the time) the interviewer isn’t very…

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“What Has the Government Done To Our Money?” Part I

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I’ve been reading this book by Rothbard (in preparation for Mises University later this month) and like all the books I’ve read by Rothbard so far, it is fantastic. Superb…stunning, these might be more appropriate words. It is taking me a long time to read it because I want to write down everything Rothbard says in my notes. I can’t read a sentence or two without stopping to quote him. I thought I’d share some of those quotes, and my thoughts on the book. He starts out by saying how confusing money is to people. This has led to a…

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“The Enterprise of Law” Part II

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One of Benson’s primary subjects in his book is the need for police protection. He discusses police protection provided by the government, and then explores the possibility of police being provided by the free market. When the government is in charge of this, like anything, they have no motivation for providing the best product at the lowest cost. “This does not imply that police chiefs and judges will be completely ambivalent to the costs a department or court generates; it means that they are likely to make a relatively smaller effort at monitoring employees to check on wasted time and resources.” He also makes another point about the difference between…

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End of a Season

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I have officially stepped down from my position as Campaign for Liberty County Coordinator.  I’ve left it in the capable hands of my fellow coordinator, Darren J. The whole thing is a little surprising. It was hard to make the decision, but all through the process, I felt like it wasn’t really happening. It wasn’t until it was actually over, and my name taken off the county page that it sunk in what I had done. I don’t regret my decision. I’m sorry that I had to do it, but I still am confident that it was the right thing…

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