Friday, June 13, 2008

Taking Money Back (Murray Rothbard)

Murray Rothbard on the most important issue of his (and our) time: getting rid of the Federal Reserve and returning to a free market in money. He begins:

Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the "free-market economy"; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts, exchange their goods for the goods of others. At each step of the way, every participant in exchange benefits immeasurably, for if everyone were forced to be self-sufficient, those few who managed to survive would be reduced to a pitiful standard of living.

Read the rest

No comments: