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Economics

Libertarian Principles and Their Application to Economic Policy

Quick fact

The term 'libertarian' was first used in the 19th century by French anarchist Joseph Déjacque, but the modern political movement that melds individual rights with free-market capitalism gained popularity in the late 20th century, championed by figures like Murray Rothbard and Robert Nozick.

Why this is interesting

Imagine a world where the government only protects your life, liberty, and property—and gets out of the way of everything else. What would that world's economy look like?