Is Limited Government an Oxymoron? | Thomas E. Woods, Jr.

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May. 31, 2010

If you give an institution the monopoly power to tax and a monopoly over courts, how can you expect it not to become an out of control tyranny?

All monopolies lead to worse service and increased costs, the idea you would set your government up as a total monopoly is absolutely absurd.

There are a few solutions, one of them is to break up the US into 20,000 separate republics like Lew Rockwell talked about, this would force people to engage in free trade and the incentive structure would be changed because people could vote with their feet and move out of any jurisdiction which was taxing them too much or was out of control in any way.

A much better solution, I believe, is what Hans-Hermann Hoppe talks about which is creating a private sector for all the government industry.

Everyone would buy insurance to protect themselves and everyone would be armed and be able to hire police to defend their property.

The judicial system would be done by the insurance courts and there would be simple laws and actual incentive to give good judgments.

People would be free to live as they please on their own private property and there would be no forced integration and no system of coercion.

People would interact only out of their own volition and could vote with their dollars.

No one would be ruling over anyone yet the society would be completely civilized and have a powerful judiciary and a strong guerrilla army.

There could be no wars of aggression because there would be no state, and if anyone tried to invade us, to quote one Japanese General, "there would be a rifle behind every blade of grass."

We would quickly become the most prosperous nation on earth because that's the product of freedom. We would set the perfect example for the world and it would be like the US in the glory days right after the revolution.

Now THAT'S change I can believe in! - Chris, InfoLib

Joining host Dennis McCuistion, Thomas E. Woods, Jr. (Ludwig von Mises Institute) and Doug Casey ("The Casey Report") focus their discussion on the credit crisis, free markets and limited government.

This video was made available by Dr. Woods, and is posted with permission from McCuistion TV. Copyrighted McCuistion Productions, Inc. McCuistionTV.com