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

THE Bitcoin Podcast

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The Social Path to Wealth

Man is born naked into the world and needing to use his mind to learn how to take resources given him by nature. He does this first by finding natural resources and then by transforming them by mixing his labor with them as Locke puts it, to make them his individual property. Man has found that through the process of voluntary mutual exchange, the productivity and hence the living standards of all participants in exchange may increase enormously. Through this path, men have learned how to avoid the jungle methods of fighting over scarce resources so that A can only acquire them at the expense of B. It should be clear that the peaceful use of reason and energy in production is the natural path for man, the means for his

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