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

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The necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite.
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Only the State legally obtains its revenue by coercion.
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In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money.
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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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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.
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Governmental subsidy systems promote inefficiency in production and efficiency in coercion and subservience, while penalizing efficiency in production and inefficiency in predation.
Murray Rothbard
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Capitalism is the fullest expression of anarchism and anarchism is the fullest expression of capitalism.
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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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States have always needed intellectuals to con the public into believing that its rule is wise, good, and inevitable
Murray Rothbard
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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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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
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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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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
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The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
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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.
Murray Rothbard
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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?
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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
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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 best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.
Murray Rothbard
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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