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Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.
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
Air
Unlike
Gold
Thin
Creating
Legal
Days
Federal
Counterfeiting
Impossible
Holds
Bankrupt
Money
Standard
Reserve
Country
Entire
Monopoly
Standards
Reserves
More quotes by Murray Rothbard
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
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
The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
Murray Rothbard
The concept of life and perfection is incompatible. BUT so is death and perfection
Murray Rothbard
It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
Murray Rothbard
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
All government operation is wasteful, inefficient, and serves the bureaucrat rather than the consumer.
Murray Rothbard
Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation.
Murray Rothbard
I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate.
Murray Rothbard
The State is a gang of thieves writ large - the most immoral, grasping and unscrupulous individuals in any society.
Murray Rothbard
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
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.
Murray Rothbard
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
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.
Murray Rothbard
I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.
Murray Rothbard
Monetary inflation not only raises prices and destroys the value of the currency unit it also acts as a giant system of expropriation.
Murray Rothbard
[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
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
The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.
Murray Rothbard
If we look at the black record of mass murder, exploitation, and tyranny levied on society by governments over the ages, we need not be loath to abandon the Leviathan State and . . . try freedom.
Murray Rothbard