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Power of the Market - The Pencil

Milton Friedman uses a pencil to explain how the operation of the free market promotes harmony and world peace. (1 of 31) http://www.LibertyPen.com  
 
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Mesterse (1 month ago) Show Hide
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You need the judicial system to uphold contracts.
koreanrobot47 (1 month ago) Show Hide
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Judging by that statement I'm going to assume you believe the State needs to have a monopoly on "justice" for it to work.
Ever heard of private courts?
kingofmilwaukee (1 week ago) Show Hide
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Many of the founding fathers believed this (the enforcement of property rights via the judicial system,) and defense from invasion, was the only real role of government.
themagus187 (1 month ago) Show Hide
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Anyone know what song that is at the end? Please private message me if you know it.
albertsamerica (1 month ago) Show Hide
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no, no, no... monopolies exist because of politicians who protect them via bailouts, corporate welfare, and stimuli... Regulations also help monopolies grow.

You are quite wrong there buddy.
icfnord (1 month ago) Show Hide
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To say that the state police are necessary is not only schizophrenic but psychotic as well.

1. It is schizophrenic to claim that it is ok to rob people to pay for police but not for health care. Why is it anymore legitimate to steal for Susan as opposed to Paul?

2. It's psychotic to claim that there is no such thing as private security. All effective security is already private, just like all effective shipping. The purpose of a police department is not to prevent crimes. It is to commit them
icfnord (1 month ago) Show Hide
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"Why do you think a government is necessary for capitalism to work? "

Ever read Mises or Murray Rothbard?
Manueeel64 (1 month ago) Show Hide
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Exactly!! Capitalism existence doesn't depends of the State.
koreanrobot47 (1 month ago) Show Hide
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To some extent, yes.
icfnord (1 month ago) Show Hide
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Why the hell does capitalism need a government? Government is anti-capitalist. To claim that taxes prevent stealing is not only schizophrenic but patently psychotic as well.

No organization on earth has been responsible for more American deaths than the US government. All of the gangs of thieves in all of human history combined haven't even touched the IRS.

The idea that government is necessary is nothing more than Bolshevik propaganda.

Governments do not prevent crimes. They commit them.

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