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RE: Review of: Making Economic Sense, Murray Rothbard (Chapter 2)
Excellent publication, it is evident that the financial system is rotten and that the bankers have a symbiotic relationship with the State, which is nothing more than a direct robbery to work and the wealth that people create, be it for inflation or taxes, excellent explanation On the subject, I could not have done it better.
Indeed, the bankers themselves sought the alliance for they found it impossible to erect voluntary cartels on the market. It would take the violence of the State to achieve that. The State, too, has an interested in controlling the money, as to expand their ability to illicitly appropriate goods, and so they're fine allowing the banking industry to share in the loot, too.
I believe that it is the bankers who let the State participate in the booty and not the reverse. Most politicians end up needing money to govern, and so they end up borrowing, and belonging to their masters, the bankers. The financial system is rotten, and is the cause of the biggest modern economic problems, more than the intervention of the state in the economy and more than anything else. Eliminating the fractional reserve system, like the way in which fiat money is created, is the big problem we must face.