One of these Things Is Not Like the Others

Source: Ludwig von Mises Institute
by George Ford Smith

“The government, federal or otherwise, has no business model because it is not a business. We know this at the outset because government does not compete in the market for people’s money, as every other business must do. With a monopoly of violence, it seizes the money it wants through taxes and monetary inflation. As long as the government doesn’t get carried away by taxing and inflating too much, most people — many of whom call themselves libertarians — regard this setup as necessary.” (02/05/24)