Wednesday, May 05, 2010

Quote of the Day II - On Repudiation

While the general run of rightists decorously deplored the increase in the public debt and urged the government to retrench a bit, Frank Chodorov boldly and logically exhorted his readers: "Don't Buy Bonds!" Since he was a real individualist and not a would-be member of a team of White House advisors, Frank's "alienation" from the government of the United States was total; hence, he was the only one of the host of ostensible believers in the free market economy in this country to call for the out- right repudiation of the public debt, and to see that such repudiation is infinitely more libertarian and infinitely less criminal than looting taxpayers to redeem that debt.

Murray N. Rothbard
Read more: Frank Chodorov, R.I.P. - Murray N. Rothbard - Mises Institute

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