The monopolization of money and banking is the ultimate pillar on which the modern state rests. In fact, it is probably become the most cherished ins… - Hans-Hermann Hoppe

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The monopolization of money and banking is the ultimate pillar on which the modern state rests. In fact, it is probably become the most cherished instrument for increasing state income. For nowhere else can the state make the connection between redistribution-expenditure and exploitation-return more directly, quickly, and securely than by monopolizing money and banking. And nowhere else are the state's schemes less clearly understood than here.

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About Hans-Hermann Hoppe

Hans-Hermann Hoppe (born 2 September 1949) was an Austrian school economist, an anarcho-capitalist philosopher, and a professor at the University of Nevada, Las Vegas.

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Alternative Names: Hans Hermann Hoppe
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History is ultimately determined by ideas, and ideas can, at least in principle, change almost instantly. But in order for ideas to change it is not sufficient for people to see that something is wrong. At least a significant number must also be intelligent enough to recognize what it is that is wrong. That is, they must understand the basic principles upon which society — human cooperation — rests … And they must have sufficient will power to act according to this insight.

Even a professed "revisionist" such as Ebeling cannot free himself entirely from orthodox-leftist historical myths when he appears to liken and classify as on a par the "evils" of Stalin and Hitler and the socioeconomic character of Soviet Russia and Nazi Germany. From 1929 to 1939, in peace time, Stalin and the Bolsheviks killed about 20 million Soviet citizens, for no predictable reason. Hitler and the National Socialists ruined the businesses and careers of hundreds of thousands of German citizens, but the number of people killed by them before the outbreak of the war was only a few hundred, most of them fellow Nazis and all of them for a predictable reason.

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If no one can appeal to justice except to government, justice will be perverted in favor of the government, constitutions and supreme courts notwithstanding. Constitutions and supreme courts are state constitutions and agencies, and whatever limitations to state action they might contain or find is invariably decided by agents of the very institution under consideration. Predictably, the definition of property and protection will continually be altered and the range of jurisdiction expanded to the government’s advantage until, ultimately, the notion of universal and immutable human rights – and in particular property rights – will disappear and be replaced by that of law as government-made legislation and rights as government-given grants.

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