Presented to the Free Enterprise Society at Oklahoma State University on March 14, 2024.

Ryan McMaken (https://mises.org/McMaken) is executive editor at the Mises Institute. He is a cohost of the Radio Rothbard podcast (https://mises.org/RothPod) and the War, Economy, and State podcast (https://mises.org/WES), and is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and *Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre*.

The Free Enterprise Society (FES) is sponsored by the Institute for the Study of Free Enterprise at Oklahoma State University: https://fe.okstate.edu/fes