By JD Breen
Pretium Insights
September 25, 2026
Governments, as Murray Rothbard reminded us, are nothing but "armed criminal bands writ large". The Trump Administration has done all it can to prove Rothbard right.
The United States ceased being a republic 160 years ago. But its government stopped pretending to rule one much more recently. In the 20th century it became an empire. During this one, it's been a degenerate one.