The Full Rothbard

The Whited Sepulchre discovered an excellent glossary of economic/ political terms.

If I were new to the internet and looking for a username, then "The Full Rothbard," just might be the ticket.

The Full Rothbard

Many Libertarians are minarchists, which are akin to Classical Liberals, meaning they believe government should be limited to courts, police and national defense. Murray Rothbard claims that this can never happen because government, which is a monopoly, will never in practice limit itself, therefore government itself needs to be a function of competing institutions. Rothbard’s political philosophy is called anarcho-capitalism and arguments based on this theory go The Full Rothbard.

Murry Rothbard's Man, Economy, and State is very interesting, makes all the sense their is about economics, covers economics through every decision that anyone makes, but is a bit of a slow read.  I'm still working my way through it.

His idea of anarcho-capitalism is what I suspect is the best political theory.

Anarcho-Capitalism

Libertarian and individualist anarchist political philosophy (also known as “libertarian anarchy” or “market anarchism” or “free market anarchism”) that advocates the elimination of the state in favor of individual sovereignty in a free market.

As opposed to the shamocracy we currently have.  And upon which Historia Futura Praedicit covers well in another post.

Shamocracy

I use this term specifically to refer to the false choice offered by the oligopoly of the Republican and Democratic Parties in the United States. The two sides appear to offer different philosophies and policies but in the end the march toward an overreaching government that operates above the rule of law at the expense of the citizen continues regardless of who wins a particular election.