Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.
Murray RothbardWe must, therefore, emphasize that 'we' are not the government; the government is not 'us.' The government does not in any accurate sense 'represent' the majority of the people. But, even if it did, even if 70 percent of the people decided to murder the remaining 30 percent, this would still be murder and would not be voluntary suicide on the part of the slaughtered minority. No organicist metaphor, no irrelevant bromide that 'we are all part of one another,' must be permitted to obscure this basic fact.
Murray Rothbard