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The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed.

Murray Rothbard

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Murray Rothbard
Age: 68 †
Born: 1926
Born: March 2
Died: 1995
Died: January 7
Activist
Economist
Essayist
Historian
Philosopher
Professor
University Teacher
Writer
The Bronx
New York City
Murray Newton Rothbard
Murray N. Rothbard
Complete
Longer
Liberty
Economic
Postponed
Lasts
Delayed
Last
Recovery
Depression
Economics

More quotes by Murray Rothbard

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There can be no truly moral choice unless that choice is made in freedom similarly, there can be no really firmly grounded and consistent defense of freedom unless that defense is rooted in moral principle.
Murray Rothbard
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To those advocates of independent paper moneys who also champion the free market, I would address this simple question: Why don't you advocate the unlimited freedom of each individual to manufacture dollars? If dollars are really and properly things-in-themselves, why not let everyone manufacture them as they manufacture wheat and baby food?
Murray Rothbard
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Briefly, the State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.
Murray Rothbard
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You don't need a treaty to have free trade.
Murray Rothbard
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Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money as the commodity providing the most stable and desirable monetary medium.
Murray Rothbard
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All government operation is wasteful, inefficient, and serves the bureaucrat rather than the consumer.
Murray Rothbard
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Behind the honeyed but patently absurd pleas for equality is a ruthless drive for placing themselves (the elites) at the top of a new hierarchy of power.
Murray Rothbard
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In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money.
Murray Rothbard
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Soaking the rich would not only be profoundly immoral, it would drastically penalize the very virtues: thrift, business foresight, and investment, that have brought about our remarkable standard of living. It would truly be killing the goose that lays the golden eggs.
Murray Rothbard
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The state has typically been a device for producing affluence for a few at the expense of many.
Murray Rothbard
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Never have the world's moneys been so long cut off from their metallic roots.
Murray Rothbard
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Only the State legally obtains its revenue by coercion.
Murray Rothbard
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On the free market, everyone earns according to his productive value in satisfying consumer desires. Under statist distribution, everyone earns in proportion to the amount he can plunder from the producers.
Murray Rothbard
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Capitalism is the fullest expression of anarchism and anarchism is the fullest expression of capitalism.
Murray Rothbard
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It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.
Murray Rothbard
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Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does not guarantee any worker's employment it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.
Murray Rothbard
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...The very nature of interstate war puts innocent civilians into great jeopardy, especially with modern technology.
Murray Rothbard
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After the Volcker Fund collapsed, I got another grant from the Lilly Endowment to do a history of the U.S., which I worked on from 1962-66. The original idea was to take the regular facts and put a libertarian assessment on everything.
Murray Rothbard
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Libertarians regard the state as the Supreme, the eternal, the best organized aggressor against the persons and property of the mass of the public. All states everywhere, whether democratic, dictatorial, or monarchical, whether red, white, blue or brown.
Murray Rothbard
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I want to make it clear what I am not saying. I am not saying that fiat money, once established on the ruins of gold, cannot then continue indefinitely on its own.
Murray Rothbard