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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
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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
Clear
Money
Fiat
Cannot
Indefinitely
Make
Established
Ruins
Continue
Gold
Saying
More quotes by Murray Rothbard
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.
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
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
Positivism eliminates any kind of natural law principle - for example, that there are economic laws which can be transgressed only at your peril. With positivism, there is a tendency to leap into ad hoc economic theory.
Murray Rothbard
All government operation is wasteful, inefficient, and serves the bureaucrat rather than the consumer.
Murray Rothbard
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.
Murray Rothbard
Subjectivism is not an absolute principle it is a necessary but not sufficient condition for sound methodology.
Murray Rothbard
The state has typically been a device for producing affluence for a few at the expense of many.
Murray Rothbard
Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and private enterprise, we must assert that the state is profoundly and inherently anti-capitalist .
Murray Rothbard
Every man must have freedom, must have the scope to form, test, and act upon his own choices, for any sort of development of his own personality to take place. He must, in short, be free in order that he may be fully human.
Murray Rothbard
Monetary expansion is a massive scheme of hidden redistribution.
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
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
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
Never have the world's moneys been so long cut off from their metallic roots.
Murray Rothbard
Only the State legally obtains its revenue by coercion.
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
The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
Murray Rothbard
The costs of government are bound to be much higher than those of the free market. . .The State cannot calculate well and therefore cannot gauge its costs accurately.
Murray Rothbard
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