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As he explains in State Socialism and Anarchismhis theory was that unregulated banking would cause more money to be available and that this would allow proliferation of new businesses, which would in turn raise demand for labor. This led him to believe that the labor theory of value would be vindicated and equal amounts of labor would receive equal pay. As an Austrian economist, Rothbard did not agree with the labor theory and believed that prices of goods and services are proportional to marginal utility rather than to labor amounts in the free market. He did not think that there was anything exploitative about people receiving an income according to how much buyers of their services value their labor or what that labor produces. Of particular importance to anarcho-capitalists and Tucker and Spooner are the ideas of "sovereignty of the individual", a market economy and the opposition to collectivism. A defining point upon which they agree is that defense of liberty and property should be provided in the free market rather than by the state.

I'm Karen. I currently attend Texas State University and I'm here to make friends. I'm in a wheelchair and I love staying busy.

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