I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual. Anarc… - Murray Rothbard

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I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual. Anarchists oppose the State because it has its very being in such aggression, namely, the expropriation of private property through taxation, the coercive exclusion of other providers of defense service from its territory, and all of the other depredations and coercions that are built upon these twin foci of invasions of individual rights.

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About Murray Rothbard

Murray Newton Rothbard (2 March 1926 – 7 January 1995) was an American economist of the Austrian School, an historian of both economic thought and American history, and a political philosopher whose writings and personal influence played a seminal role in the development of modern libertarianism. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of natural law, and a central figure in the twentieth-century American libertarian movement. He was the author of over twenty books on anarchist theory, history, economics, and other subjects.

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Birth Name: Murray Newton Rothbard
Alternative Names: Murray N. Rothbard
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In 1756 Edmund Burke published his first work: Vindication of Natural Society. Curiously enough it has been almost completely ignored in the current Burke revival. This work contrasts sharply with Burke’s other writings, for it is hardly in keeping with the current image of the Father of the New Conservatism. A less conservative work could hardly be imagined; in fact, Burke’s Vindication was perhaps the first modern expression of rationalistic and individualistic anarchism. … "Anarchism" is an extreme term, but no other can adequately describe Burke’s thesis. Again and again, he emphatically denounces any and all government, and not just specific forms of government. … All government, Burke adds, is founded on one "grand error." It was observed that men sometimes commit violence against one another, and that it is therefore necessary to guard against such violence. As a result, men appoint governors among them. But who is to defend the people against the governors? … The anarchism of Burke’s Vindication is negative, rather than positive. It consists of an attack on the State rather than a positive blueprint of the type of society which Burke would regard as ideal. Consequently, both the communist and the individualist wings of anarchism have drawn sustenance from this work.

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Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. So it is a great boon that gold or silver are scarce and are costly to increase in supply. But if government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

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