Banking and the State

Written by Thorsten Polleit for Mises.org. The founder of the Medici banking dynasty, Giovanni di Bicci de’ Medici (1360–1429), said to his children on his death bed: “Stay out of the public eye.” His words raise the question, “How much do bankers know about the truth of modern money and banking?” To develop a meaningful…

The Stateless Equilibrium

Written by Predrag Rajsic for Mises.org. The stateless market society—a peaceful social arrangement based on voluntary relations among individuals in which the state is not present—is not a popular idea. Many people believe that this society would lack the capacity to define and enforce property rights, and that this would result in chaos, tyranny of…

Men Act, States Don’t

Written by Chris Bassil for Duke’s The Chronicle. There is a tendency, in contemporary political and economic discourse, to reduce conversations to the level of the aggregate. Thus, we speak in terms of “labor” seeking goals, “nations” taking action and “society” handing the president a mandate. Such a way of looking at the world, as convenient…