Mises Daily
Author:
Murray N. Rothbard
Online Publish Date:
[This article is excerpted from An Austrian Perspective on the History of Economic Thought , vol. 1, Economic Thought Before Adam Smith . An MP3 audio file of this article, read by Jeff Riggenbach, is available for download .] The Bank of England The postmedieval state acquired most of its eagerly sought revenues by taxation. But the state has