tag:blogger.com,1999:blog-648884752216444797.post1718518136719567272..comments2024-03-28T06:00:18.802-07:00Comments on bionic mosquito: Rothbard and Free Bankingbionic mosquitohttp://www.blogger.com/profile/12002548958078731031noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-648884752216444797.post-27846866284790152332014-03-17T15:28:44.553-07:002014-03-17T15:28:44.553-07:00This is why legal tender laws are so fundamental t...This is why legal tender laws are so fundamental to such a system as we have in the U.S. I know it's a trivial assertion, but it's one that took me some time to fully grasp. Unless everyone is in on the scam, as it were, then some entrepreneur can and will bring it crashing down.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-10727790967192489252013-03-29T13:26:45.371-07:002013-03-29T13:26:45.371-07:00"...could we libertarians just get rid of the..."...could we libertarians just get rid of the term fraud?"<br /><br />I think there is merit in this suggestion, as I find it sometimes a struggle to define where the line is crossed as sometimes the lines are too fine.<br /><br />bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-648884752216444797.post-473162272908686582013-03-28T12:58:59.458-07:002013-03-28T12:58:59.458-07:00Great dissection of Rothbard. Thanks.
I agree wit...Great dissection of Rothbard. Thanks.<br /><br />I agree with your opinion that the free market would do a fine job on its own minimizing fraud.<br /><br />Here's a radical suggestion: could we libertarians just get rid of the term fraud? I think it's a muddy term and not useful in defining NAP. My goodness, don't cosmetic companies commit fraud regularly in their advertising? So what. And so what if your gold storage facility commits fraud about lending out your gold instead of keeping it on hand as promised? If you signed a contract with them to hand over your gold whenever you show up and they don't do it, you just sue them in libertarian court. And, as word spreads, watch their business go down the tubes. Ah, the wondrous invisible hand.Martin McCannellhttps://www.blogger.com/profile/14133737650029397823noreply@blogger.com