Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this 1969 essay is a case in point.
From Chapter IX of The Bastiat Collection: Volume II: “Harmonies of Political Economy (Book Two)”. Pages 481-505 in the text.
The Constitution spelled out that the federal government is limited to certain powers. Is it allowed? should be the first question about any proposed legislation. Today there are no recognized limits. The Supreme Court declared in the late 1930s that everything the federal government does will be assumed to be constitutional.
The Fed is essentially a giant counterfeiting machine. That would be criminal for you, but is legal for JPMorgan's men under the Federal Reserve Act written by the big bankers.
Honest money and private property rights are the foundation for a peaceful society. The price system is what makes this work because it reflects the real availability of each scarce product and service, especially during emergency times.
Here are inconvenient truths that counter the fallacies of Al Gore's documentary film - An Inconvenient Truth. Man is not causing catastrophic global warming. Carbon Dioxide is the stuff of life, not a pollutant.
