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

THE Bitcoin Podcast

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The Problem With the Calhoun Solution

John Quincy Adams: If the federal government was created to check invasions of individual liberty by the separate states, who was to check the federal power? The solution advanced by Calhoun and seconded in this century by such writers as Smith was of course the famous doctrine of the concurrent majority. This theory implied the right of nullification of a federal law or ruling within a state's jurisdiction. But what is to preventStates tyrannizing over their citizens and only vetoing the federal government when it tries to stop that state tyranny?, he asks.

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