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Originally Posted by mburbank
And One and Another... You do see a difference between being LP and being an anarchist, right?
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Ya. I'm not an anarchist: there are too many inconsistancies.
Despite what you may think, I don't have a problem with a lot of the New Deal i.e. health regulations, etc. What I do have a problem with is:
- Prevention or delay of liquidation.
- Continuing inflation.
- Keeping wage rates up.
- Keeping prices up.
- Stimulating consumption and discouraging savings.
- Subsidizing unemployment.
- Government monopoly in currency production.
- Central banks in general.
- So called "fractional-reserve" banking, which should be classified as fraud. The other option I suggest would be indicating through contract what fraction of money put into the bank could be immediately withdrawed.
- The elimination of the gold standard, although if a commodity could be found that varied less than gold, I would suggest using it as the standard.
Were I to accept a flat monetary system, the law would have to prevent the amount of money in circulation from changing drastically - as it is now, the government has the option to print a billion dollars for practically no cost.
You can thank Rothbard for enlightening me, as well as several other libertarian thinkers.
I also believe a lot of problems can be solved with strict property rights. Take, for example, the pollution of air by industry. Air must be classified as public property; therefore, polluting it should simply not be tolerated, just as how we cannot litter on the highway. In addition, we must get rid of sovereign immunity.