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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
More quotes by Murray Rothbard
The necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite.
Murray Rothbard
Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error.
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...The very nature of interstate war puts innocent civilians into great jeopardy, especially with modern technology.
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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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States have always needed intellectuals to con the public into believing that its rule is wise, good, and inevitable
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You don't need a treaty to have free trade.
Murray Rothbard
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.
Murray Rothbard
To those advocates of independent paper moneys who also champion the free market, I would address this simple question: Why don't you advocate the unlimited freedom of each individual to manufacture dollars? If dollars are really and properly things-in-themselves, why not let everyone manufacture them as they manufacture wheat and baby food?
Murray Rothbard
Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money as the commodity providing the most stable and desirable monetary medium.
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
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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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
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
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
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
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
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.
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
Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation.
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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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