Bitcoin Out Loud: Anatomy of the State, by Murray N. Rothbard

"The greatest danger to the State is independent intellectual criticism."

Anatomy of the State was published in 1974 but, like any good book, the lessons are timeless, and highly relevant today.

I believe everyone should read this book, because so often people have difficulty understanding why Bitcoin is needed, because they don’t understand the extent of the problem, the extent of the State’s overreach and predation.

Rothbard begins with the idea that the state is not a natural or voluntary organization, but rather a system that maintains its existence through coercive tax theft and a monopoly on violence.

He argues that the state can never be considered neutral or benign, as its very existence relies on expropriating resources from the citizenry.

As you listen, think about the fact that the State’s monopoly on violence allows it to maintain its monopoly on money, and how Bitcoin is a direct challenge to that status quo.

Anatomy of the State (pdf), by Murray N. Rothbard: https://cdn.mises.org/Anatomy+of+the+State_3.pdf

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