Notable Quote

"Every state is a compulsory territorial monopolist of ultimate decision-making and taxation. Because it is a monopoly, it will inevitably produce its goods at higher cost and lower quality than would competing private providers, and it will use its compulsory revenue to further entrench and expand its power."

Hoppe, Hans-Hermann event 2003

From The Myth of National Defense: Essays on the Theory and History of Security Production

Context: From Hoppe's introduction, applying the standard economic logic of monopoly to the state itself: a monopolist in defense faces no competitive pressure to improve quality or reduce costs.