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Among the most interesting aspects of this period in U.S. history were the innovations in property rights that occurred far from government enforcement. The pioneers themselves created and enforced contracts and, as Anderson and Hill describe, the result was a large relocation of population to the West relatively free of conflict. One problem arose from defining and defending property rights concerning cattle in large expanses of land. Several entrepreneurial solutions resolved these problems as they ensued. These solutions were gradually introduced, and included cattle branding, constant supervision by armed cowboys on horseback, and the invention of barbed wire. Barbed wire permitted for the first time an effective separation of vast stretches of land at an affordable price.
In a recent essay addressing conventional propaganda in regard to the period, Ryan McMaken described the American West as a "heritage of peace." It is important to understand that proponents of laissez-faire aren't subsequently forced to renounce all rules and forms of regulation. By definition, supporters of laissez-faire economics renounce rules and regulations enforced by coercive bureaucracies that can't go out of business. Don't fall for the straw man argument postured by statists that free-market supporters believe in a "no rules" system or that the "Wild West" was a period of excessive violence, severe injustice, and predominantly unsuitable for civilized human habitation.
1 comment:
This is interesting Matt, as Dad and I are currently wathching the sequel
to "Lonesome Dove"!
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