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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
Raises
Destroys
Value
Units
System
Inflation
Values
Prices
Also
Giant
Currency
Expropriation
Giants
Unit
Acts
Monetary

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The natural tendency of the state is inflation.
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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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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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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.
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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.
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Scratch an egalitarian, and you will inevitably find a statist.
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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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The greatest danger to the State is independent intellectual criticism.
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The concept of life and perfection is incompatible. BUT so is death and perfection
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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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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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Throughout history governments have been chronically short of revenue. The reason should be clear: unlike you and me, governments do not produce useful goods and services that they can sell on the market governments, rather than producing and selling services, live parasitically off the market and off society.
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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 .
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John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father.
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The necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite.
Murray Rothbard
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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.
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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.
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Only the State legally obtains its revenue by coercion.
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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.
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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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