Anatomy of the State – Part 1
“The greatest danger to the State
is independent intellectual criticism.”
-Murray N. Rothbard
Murray Rothbard
Anatomy of the State – Part 2
“What the State fears above all, of course, is any
fundamental threat to its own power and its own existence”
– Murray N. Rothbard
Rothbard on Utility Theory
Today we grab a section out of one of the many incredible works by Murray N. Rothbard to discuss the idea of marginal utility and why money must be a good, and actually is not a unit of measure. As value can only be measured as relational to another good, money follows the same law of diminishing marginal utility.
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