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February 2022

[Should the state back science or even plan its progress? In this excerpt from a longer and previously unpublished study written in 1959—two years after Russia's launch of Sputnik and two years before the first manned space flight—Murray Rothbard (1926–95)

The stock exchange is the most renowned avenue of investing money in most economies. Theterm, “investing” might seem analogous with “seeking value”. However, that is often not the case.Most investors invest their money going by market sentiment, and based on