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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
Standards
Reserves
Air
Unlike
Gold
Thin
Creating
Legal
Days
Federal
Counterfeiting
Impossible
Holds
Bankrupt
Money
Standard
Reserve
Country
Entire
Monopoly

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Subjectivism is not an absolute principle it is a necessary but not sufficient condition for sound methodology.
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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.
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The State is, and always has been, the great single enemy of the human race, its liberty, happiness, and progress.
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The natural tendency of the state is inflation.
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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.
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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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[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.
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...The very nature of interstate war puts innocent civilians into great jeopardy, especially with modern technology.
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The greatest danger to the State is independent intellectual criticism.
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Essentially, I mean the almost self-evident fact that individuals, ethnic groups, and races differ among themselves in intelligence and in many other traits, and that intelligence, as well as less controversial traits of temperament, are in large part hereditary.
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All government operation is wasteful, inefficient, and serves the bureaucrat rather than the consumer.
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