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

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Scratch an egalitarian, and you will inevitably find a statist.
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Money ... is the nerve center of the economic system. If, therefore, the state is able to gain unquestioned control over the unit of all accounts, the state will then be in a position to dominate the entire economic system, and the whole society.
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The natural tendency of the state is inflation.
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I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate.
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The state has typically been a device for producing affluence for a few at the expense of many.
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The greatest danger to the State is independent intellectual criticism.
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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.
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I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.
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The State provides a legal, orderly, systematic channel for predation on the property of the producers.
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Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error.
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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.
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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.
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It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
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You don't need a treaty to have free trade.
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The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.
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The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
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Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.
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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.
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