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

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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.
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The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.
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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.
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The natural tendency of the state is inflation.
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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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You don't need a treaty to have free trade.
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Scratch an egalitarian, and you will inevitably find a statist.
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I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.
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Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation.
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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.
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The greatest danger to the State is independent intellectual criticism.
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Capitalism is the fullest expression of anarchism and anarchism is the fullest expression of capitalism.
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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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Libertarians regard the state as the Supreme, the eternal, the best organized aggressor against the persons and property of the mass of the public. All states everywhere, whether democratic, dictatorial, or monarchical, whether red, white, blue or brown.
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Monetary expansion is a massive scheme of hidden redistribution.
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The state has typically been a device for producing affluence for a few at the expense of many.
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