(Antislavery) - 'Renaissance humanism and the Scientific Revolution .. occurred largely outside the university system..'

'In the 1830s, William Leggett, the antislavery Jacksonian editorial writer in New York, proposed the lovely phrase “separation of money and state.”..'

<blockquote>'Renaissance humanism and the Scientific Revolution, two major intellectual events in the history of the West, occurred largely outside the university system, which was dominated by conventional thinking and obeisance to traditional sources and authorities. Although the number of Austrian School economists working within the university system is on the rise, it is in the writing and speeches they produce outside the university where they are liable to have the greatest impact and reach the largest audience.

In the 1830s, William Leggett, the antislavery Jacksonian editorial writer in New York, proposed the lovely phrase “separation of money and state.” He was on to something. Ludwig von Mises once said that the history of money is the history of government efforts to destroy money, and Hayek observed that we have no reason to expect governments to give us good money. To the contrary, we have every reason to expect governments to exploit their positions as monopolists of the production of money in ways that increase their power and benefit favored constituencies.

We do not need “monetary policy” any more than we need a paintbrush policy, a baseball bat policy, or an automobile policy. We do not need a monopoly institution to create money for us. Money, like any good, is better produced on the market within the nexus of economic calculation. Money creation by government or its privileged central bank yields us business cycles, monetary debasement, and an increase in the power of government. It is desirable from neither an economic nor a libertarian standpoint. If we are going to utter monetary truths, this one is the most central and subversive of all.'

- Llewellyn H. Rockwell Jr., Speaking Truth to Monetary Power, May 23, 2014</blockquote>


Context

<blockquote>(Praxeology) - Review: Money, Bank Credit, and Economic Cycles

((Hapto)praxeology) - '..an affective pursuit..'

(The Electric Universe) - A New Model of Magnetic Structure in Space | EU2014


Focus Fusion - '..it doesn’t always take billions to get earth-shaking inventions.'

(In The Electric Universe) Open Source Infrastructure, beginning of the Enterprise Nervous System (ENS)</blockquote>