The No Treason Podcast Ep. 50: Free Banking, Cash Prices & the Tax Burden
Jonathan Drake is back after a week off building sets for his daughters' homeschool production of Fiddler on the Roof, plus a look at the cedar patio furniture coming together in his shop. Then it's on to the finish of Proposition 5 in Lysander Spooner's poverty essay: why free banking would flood the market with credit and drive interest to the lowest possible rate, how self-employment would force employers to compete for workers, and why monopolies only survive with the state building barriers to entry. From there, Drake works through Spooner's three reasons bank credit beats store credit…
The skinny
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