[socialism]……must be conceptualized as an institutionalized interference with or aggression against private property and private property claims. Capitalism, on the other hand, is a social system based on the explicit recognition of private property and of nonaggressive, contractual exchanges between private property owners.
In non-technical terms, the libertarian is simply someone who is against the use of force against peaceful people in civil society. You would think that this would be a universally accepted idea but, as will be discussed in greater depth in this paper, to believe in government as we know it is to be at odds with this idea.
The vast majority of people in the world today live under some form of publicly organized government, which hereinafter I’ll call the “state.” Most people believe we should live under state rule, whether they are classical liberals, communists, conservatives, fascists, liberals, Marxists, neoconservatives, Progressives, Randians, socialists or any other flavor, all of whom hereinafter I’ll call “statists.” They simply differ in their views on what powers the state should possess.
In order to explain the emergence of barter, nothing more than the assumption of a narrowly defined self-interest is required. Insofar as man prefers more choices and goods to fewer, he will choose barter and division of labor over self-sufficiency. The emergence of money from barter follows from the same narrow self-interest, if man is integrated in a barter economy and prefersa higher to a lower standard of living, he will choose to select and support a common medium of exchange. In selecting a money he can overcome the fundamental restriction imposed on exchange by a barter economy, i.e., that of requiring the existence of a double coincidence of wants. With money his possibilities for exchange widen. Every good becomes exchangeable for every other, independent of double coincidences or imperfect divisibilities. And with this widened exchangeability the value of each and every good in his possession increases.
The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.
Whenever the legislators endeavour to take away and destroy the property of the people, or to reduce them to slavery under arbitrarypower, they put themselves into a state of war with the people, who are thereupon absolved from any farther obedience, and are left to the common refuge which God bath provided for all men against force and violence.
Since the U.S. went completely off gold in August 1971 and established the Friedmanite fluctuating fiat system in March 1973, the United States and the world have suffered the most intense and most sustained bout of peacetime inflation in the history of the world. It should be clear by now that this is scarcely a coincidence.
THE LIBERTARIAN CREED rests upon one central axiom: that no man or group of men may aggress against the person or property of anyone else. This may be called the “nonaggression axiom.” “Aggression” is defined as the initiation of the use or threat of physical violence against the person or property of anyone else. Aggression is therefore synonymous with invasion.