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I know this is an unlikely situation, but it's been bothering me a lot lately... Alright, suppose you are in a situation where you either have to kill one person or else one million people would be killed - would it be alright to sacrifice this one person for one million??? Or should you not kill that one person and have one million people killed
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I was debating this with a friend of mine - he was arguing that a legal tender is necessary in order to fund a government. Because, if there's going to be a government and if there was free banking, then which currency would be used to fund the government and pay the people involved in it? Obviously the people involved in the government - for instance
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I feel stupid now - I assumed that these voluntary associations would be like the state for some reason! Why in the hell would someone choose that type of association that enslaves them??
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I've been having a problem lately about war. If we were to have an anarcho-capitalistic sort of situation wherein the government becomes voluntary, would it be legitimate for, let's say, my voluntary association to go to war with yours on the basis that your association is harming you and violating your natural rights? Not being paternalistic
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I was reading that essay Alan Greenspan wrote back in 1960s - Gold and Economic Freedom. In it, he said: "Technically, we remained on the gold standard; individuals were still free to own gold, and gold continued to be used as bank reserves. But now, in addition to gold, credit extended by the Federal Reserve banks ("paper reserves")
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Why do anti-capitalists hate capitalism? Because they think that we're in a capitalistic society. It's that simple. This isn't capitalism, though. This is an oligarchial fascist corporate society. I mean, even back in the 1800s, we didn't have capitalism; if you think there was capitalism back then, you've never read Lysander Spooner
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I am sorry if my question is in any way stupid - I am extremely new to austrian economics! Anyways, I was talking to my friend not too long ago about economics. He's a big moral right neocon so I don't trust too much of what he says. But, he did make some good points. I was saying that the increase in the money supply wouldn't change anything