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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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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
Money
Governments
Monetary
Government
Standard
Commodity
Best
Developed
Desirable
Many
Market
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Providing
Gold
Stable
Century
Medium
Arbitrarily
Free
Mediums
Selected

More quotes by Murray Rothbard

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Throughout history governments have been chronically short of revenue. The reason should be clear: unlike you and me, governments do not produce useful goods and services that they can sell on the market governments, rather than producing and selling services, live parasitically off the market and off society.
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Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error.
Murray Rothbard
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Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the Industrial Revolution and the flowering of modern capitalism.
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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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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Since 1933, New Deal farm policy has continued and expanded, pursuing its grisly logic at the expense of the nation's consumers, year in and year out, in Democrat or Republican regimes, in good times and in bad.
Murray Rothbard
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The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.
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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If we look around, then, at the crucial problem areas of our society - the areas of crisis and failure - we find in each and every case a “red thread” marking and uniting them all: the thread of government. In every one of these cases, government either has totally run or heavily influenced the activity.
Murray Rothbard
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The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
Murray Rothbard
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You don't need a treaty to have free trade.
Murray Rothbard
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We libertarians are not the spokesmen for any ethnic or economic class we are the spokesmen for all classes, for all of the public we strive to see all of these groups united, hand-in-hand, in opposition to the plundering and privileged minority that constitutes the rulers of the State.
Murray Rothbard
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The more the government intervenes to delay the market's adjustment, the longer and more grueling the depression will be, and the more difficult will be the road to complete recovery.
Murray Rothbard
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[Professional politicians] don't mind if price controls cause shortages of health care. In fact, they welcome the prospect, because then they can impose rationing they can impose priorities, and tell everyone how much of what kind of medical care they can have. And besides, ... there's that deeply satisfying rush of power.
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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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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It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
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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Monetary expansion is a massive scheme of hidden redistribution.
Murray Rothbard
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All government wars are unjust.
Murray Rothbard