[T]he production of security should, in the interests of the consumers of this intangible commodity, remain subject to the law of free competition. … [N]o government should have the right to prevent another government from going into competition with it, or to require consumers of security to come exclusively to it for this commodity.
Gustave de Molinari, tr. J. Huston McCulloch, §II of The Production of Security (Auburn, AL: Ludwig von Mises Institute, 2009; orig. 1849), pp. 22–23.