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Some encouraging thoughts on the return of freedom

Here is an excerpt from an article by Gary North:


WHEN MONEY DIES

People ask me: "When will we get our liberties back?" I always answer: "When checks from Washington D.C. no longer buy anything."

An overnight collapse of the monetary system would be catastrophic. In contrast, the erosion of the dollar to zero over a decade or more would be liberating.

The government is going broke. All over the West, all national governments are going broke. This is the fundamental political fact of our age. This is the elephant in the living room.

Two historians of international repute announced this scenario within a few months of each other: Martin van Creveld, in The Rise and Decline of the State (1999), and Jacques Barzun, in From Dawn to Decadence (2000). In their concluding chapters, both authors predicted the disintegration of the modern nation-state, and for the same two reasons: (1) the inability of the nation-state to defend its citizens from crime and violence: (2) the impossibility of the nation-state to fulfill its promises of income security to retired people.

The nation-state is steadily losing legitimacy. This is the political fact that the pundits refuse to discuss. Without widespread legitimacy – respect that generates voluntary cooperation by citizens – a civil government is doomed. It must resort to power, and the enforcement of power is costly. Read all.

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