Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

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

More quotes by Murray Rothbard

Image
This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.
Murray Rothbard
Image
The state has typically been a device for producing affluence for a few at the expense of many.
Murray Rothbard
Image
Who wants good people in government? Good people should be in the private sector. Helping us out, helping themselves out in the private sector. We want schmoes in government. We want people who can't find the doorknob. Why waste productive people, as well as looting the taxpayer?
Murray Rothbard
Image
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
Image
Never have the world's moneys been so long cut off from their metallic roots.
Murray Rothbard
Image
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
Image
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
Image
All interstate wars intensify aggression – maximize it … some wars are even more unjust than others. In other words, all government wars are unjust, although some governments have less unjust claims.
Murray Rothbard
Image
The concept of life and perfection is incompatible. BUT so is death and perfection
Murray Rothbard
Image
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
Image
Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation.
Murray Rothbard
Image
Absolute freedom need not be lost as the price we must pay for the advent of civilization men are born free, and need never be in chains. Man may achieve liberty and abundance, freedom and civilization.
Murray Rothbard
Image
The necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite.
Murray Rothbard
Image
States have always needed intellectuals to con the public into believing that its rule is wise, good, and inevitable
Murray Rothbard
Image
[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
Image
The State is, and always has been, the great single enemy of the human race, its liberty, happiness, and progress.
Murray Rothbard
Image
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
Image
The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed.
Murray Rothbard
Image
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
Image
The greatest danger to the State is independent intellectual criticism.
Murray Rothbard