The Central Bank has been at the center of the State’s ability to finance wars on a large scale. As a result, it can be said that without central banking the large wars of the 20th Century would have never taken place, as they would have been impossible to fund.
Posts Tagged ‘force’
Monopolization of Force and the State
A State with the ability to protect private property automatically has a legal monopoly on force. This monopolization may, at first, provide protection service to the States’ citizens, but ultimately an entity which monopolizes the power to protect also monopolizes the to take away.
