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Study Guide to Man, Economy, and State with Power and Market

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Chapter 3: Triangular Intervention 197<br />

company <strong>and</strong> any employee or cus<strong>to</strong>mer would deal <strong>with</strong><br />

them at his or her own risk.<br />

APPENDIX A:<br />

On Private Coinage<br />

The typical justification for government control of the mint<br />

is that reliable st<strong>and</strong>ards are necessary in money. This argument<br />

ignores the abysmal record of government debasement, <strong>and</strong> it<br />

also proves far <strong>to</strong>o much: Exact st<strong>and</strong>ards are necessary for<br />

machine-<strong>to</strong>ols, yet this does not prove the need for a nationalization<br />

of this industry. On the free market private firms could<br />

certify coins <strong>and</strong> stamp them <strong>with</strong> a name br<strong>and</strong>.<br />

APPENDIX B:<br />

Coercion <strong>and</strong> Lebensraum<br />

Restrictions on trade <strong>and</strong> immigration lead <strong>to</strong> hostility<br />

between nations. If a given country is truly “overpopulated,” it<br />

is only because of government restrictions on immigration by<br />

its neighbors.

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