The Political Hoax Exposed
If Alabama really wants to convert itself into a haven for prosperity and worker well-being, it would — as a start — repeal any and all wage legislation, and nullify all federal legislation when it is proposed.
If Alabama really wants to convert itself into a haven for prosperity and worker well-being, it would — as a start — repeal any and all wage legislation, and nullify all federal legislation when it is proposed.
Further, the idea that the quantity of money is important to trade is incorrect. The market does not desire a certain quantity of money.
The inability of modern philosophers to furnish any kind of argument for the maintenance of a government is a notorious weakness.
With the cumulative effects of inflation, the face values of our coins no longer has any relation to historic commodity value.
Delivered at the Mises Institute on July 6, 2006.
The New York Times does not mention Independence Day on its editorial page on the 4th of July.
Walter Block and Tom DiLorenzo have looked at Constitutional Economics, and determined that politics are not just another market. There is only a curious analogy to the public choice approach. Social contract theory has been used as an excuse for all types of state intervention.