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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
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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
System
Inflation
Values
Prices
Also
Giant
Currency
Expropriation
Giants
Unit
Acts
Monetary
Raises
Destroys
Value
Units
More quotes by 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
It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.
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
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
Governmental subsidy systems promote inefficiency in production and efficiency in coercion and subservience, while penalizing efficiency in production and inefficiency in predation.
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
You don't need a treaty to have free trade.
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
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
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
The concept of life and perfection is incompatible. BUT so is death and perfection
Murray Rothbard
States have always needed intellectuals to con the public into believing that its rule is wise, good, and inevitable
Murray Rothbard
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
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
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
The natural tendency of the state is inflation.
Murray Rothbard
The State provides a legal, orderly, systematic channel for predation on the property of the producers.
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
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
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