How would Private Defense Agencies be funded in a free-market society? What's in the News with stories on police state USA, ICE detentions, and asset forfeiture. And, a Herding Cats segment on two cool events coming up.

WHAT’S RUSTLING MY JIMMIES

[1:09]

It's a question I hear a lot, “without the government, who would protect me from an invading army.” This is actually a good question, as even if we lived in a free-market society, who is to say the rest of the world does? Frankly, I am of the mindset that most countries would never consider attacking a free-market society because the financial benefits of trading between each other would make it foolish. Generally, when bread and money cross borders, soldiers rarely do. However, as we know, governments don't always act rationally. There would need to be a defense against that. Enter private defense agencies.

I've talked about Bob Murphy's pamphlet “Chaos Theory” several times on this show because it has some excellent answers to this and many other questions.