I’m nearly finished with “What Has Government Done to Our Money” by Murray Rothbard. I find it comical when people say that there aren’t any modern day philosophers. A simple read of this text proves that such statements are severely inaccurate. Murray Rothbard and others like Hayek and Von Mises are a prime example of men who see beyond their time. Predicting things years into the future and providing instructions on how to avoid and fix these issues that plague society is nothing short of amazing. But what do money and economics have to do with prophecy?
To break it down to basics the monetary system of any civilization is both its strength and Achilles heel from which it can be destroyed. Running on a broken Keynesian economy spells only trouble and ultimately destruction for the American Economy. These men knew the errors of 1913 though, and anyone who studies the text can see the judgment day approaching. A judgment day reserved for any given Monday when an economic superpower like Germany or China decides to reset the system and treat fiat money as nothing more than paper. A gold or commodity based standard will instantly fight to level the market almost like a lion fighting to spring from a cage to save it’s young. The effects would be felt immediately. However that’s another post or conversation for another day.
My point to all of this is that visionaries and prophets still walk the Earth. Sure Murray Rothbard passed on in 1995 but for his entire life he walked among us and spoke of economic prophecy. Naturally he didn’t speak about the sky splitting and the fires of hell raining down but is that really the role of a prophet? Did he need some sort of ethereal being whispering in his ear? Or did these men like many others just need to understand a system for what it is? Robbery of power from the people! Do we need to view premonition as second sight? Or, can we view it in a modern sense and accept that these men of genius accurately predicted the downfall of the world economic system. Their followers and scholars on the subject preached for years and years to no avail! Why?
These ideas which I and many others subscribe to all prove one thing: a commodity based currency in the hands of the people, and not the central bank spells an end for “big” government. With a proper market based currency in place there could be no endless spending by a government. Any government lacking a monopoly of money is limited in growth, it simply can’t afford to grow because it can’t physically print money. Limited powers equates to maximization of freedom for society. Money regulates the monopoly of force. As stated though, because these facts exist they are ignored by anyone seeking to steal power and money through taxation and policy. Thus we have the problem of out of control government. Under a guise of Democracy we are led to believe the system works. It does not. Any Keynesian care to prove me wrong?
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