“We’ve decided to offer a competing platform where no voices will be unfairly targeted.”
Rothbard does not refute White’s thesis that Scottish banking was less regulated and hence more stable and well-functioning than England’s banking system in the same 145-year period.
Any official effort to link the dollar to gold today would be just another act of monetary central planning.
Instead of worrying about Google’s influence, we should oppose a real threat: government’s initiation of force, through measures such as carbon taxes or dictating how Google should operate.
Blame the Bankers, Not Freedom in Banking
That there was widespread support for the Scottish bank suspension did not, however, mean that the suspension left the Scottish public unscathed.
Does the Scottish suspension suggest that fractional reserve banking is, inconsistent with genuine freedom in banking, including the consistent honoring of bank customers’ property rights?
If you are a student of business, in any stage of your career, I encourage you learn about rational egoism—if success in business is your goal.