---
title: "5 Bank Quotes By Murray Rothbard"
description: "5 Bank quotes by Murray Rothbard. Plus more from Murray Rothbard and more Bank sayings from other authors."
image: "https://sms4smile.com/quotes/i/9eb/murray-rothbard-1563_bank_the-boom-bust-cycle-is-generated-by-mone_444922.jpg"
---

> [The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.](https://sms4smile.com/quotes/murray-rothbard/the-boom-bust-cycle-is-generated-by-monetary-intervention-in-the/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

[Image](https://sms4smile.com/quotes/i/9eb/murray-rothbard-1563_bank_the-boom-bust-cycle-is-generated-by-mone_444922.jpg)

> [The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of…](https://sms4smile.com/quotes/murray-rothbard/the-most-famous-and-one-of-the-most-thoroughgoing-opponents-of-bank/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

[Image](https://sms4smile.com/quotes/i/946/murray-rothbard-1563_bank_the-most-famous-and-one-of-the-most-thor_1439099.jpg)

> [Out of the bitter experiences of the panic of 1819 emerged the beginnings of the Jacksonian movement, dedicated to hard money, the…](https://sms4smile.com/quotes/murray-rothbard/out-of-the-bitter-experiences-of-the-panic-of-1819-emerged-the/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

[Image](https://sms4smile.com/quotes/i/3c3/murray-rothbard-1563_bank_out-of-the-bitter-experiences-of-the-pan_1610230.jpg)

> [The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the…](https://sms4smile.com/quotes/murray-rothbard/the-expansionary-operations-of-the-second-bank-of-the-united-states/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

[Image](https://sms4smile.com/quotes/i/05b/murray-rothbard-1563_bank_the-expansionary-operations-of-the-secon_2622005.jpg)

> [As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for…](https://sms4smile.com/quotes/murray-rothbard/as-austrian-business-cycle-theory-has-pointed-out-any-bank-credit/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

[Image](https://sms4smile.com/quotes/i/73a/murray-rothbard-1563_bank_as-austrian-business-cycle-theory-has-po_2808605.jpg)

## Other authors on Bank

## More by Murray Rothbard

> [I think one of the most important directions to be pursued in the 'sciences of human action' is to develop a natural-law ethics based…](https://sms4smile.com/quotes/murray-rothbard/i-think-one-of-the-most-important-directions-to-be-pursued-in-the/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [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…](https://sms4smile.com/quotes/murray-rothbard/since-the-state-necessarily-lives-by-the-compulsory-confiscation-of/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.](https://sms4smile.com/quotes/murray-rothbard/falling-prices-through-increased-production-is-a-wonderful-long-run/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [To deprecate human reason by saying that none of us is or can be omniscient is absurd, for it takes an impossible standard as…](https://sms4smile.com/quotes/murray-rothbard/to-deprecate-human-reason-by-saying-that-none-of-us-is-or-can-be/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error.](https://sms4smile.com/quotes/murray-rothbard/cops-must-be-unleashed-and-allowed-to-administer-instant-punishment/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [Subjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology.](https://sms4smile.com/quotes/murray-rothbard/subjectivism-is-not-an-absolute-principle-it-is-a-necessary-but-not/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [We must therefore turn to history for enlightenment; here we find that none of the proclaimed anarchist groups correspond to the libertarian position, that…](https://sms4smile.com/quotes/murray-rothbard/we-must-therefore-turn-to-history-for-enlightenment-here-we-find-that/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father.](https://sms4smile.com/quotes/murray-rothbard/john-stuart-was-the-quintessence-of-soft-rather-than-hardcore-a/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [What do intellectuals and opinion makers get from big government? An increasing number of cushy jobs in the bureaucracy, or in the government-subsidized sector,…](https://sms4smile.com/quotes/murray-rothbard/what-do-intellectuals-and-opinion-makers-get-from-big-government-an/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [The major reason for Keynes's rejection of communism was simply that he could scarcely identify with the grubby proletariat.](https://sms4smile.com/quotes/murray-rothbard/the-major-reason-for-keynes-s-rejection-of-communism-was-simply-that/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the…](https://sms4smile.com/quotes/murray-rothbard/liberty-and-morality-had-to-win-their-way-slowly-over-many-centuries/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [The State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it.](https://sms4smile.com/quotes/murray-rothbard/the-state-has-invariably-shown-a-striking-talent-for-the-expansion-of/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [Absolute freedom need not be lost as the price we must pay for the advent of civilization; men are born free, and need never…](https://sms4smile.com/quotes/murray-rothbard/absolute-freedom-need-not-be-lost-as-the-price-we-must-pay-for-the/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [Absolute freedom need not be lost as the price we must pay for the advent of civilization. Man may achieve liberty and abundance, freedom…](https://sms4smile.com/quotes/murray-rothbard/absolute-freedom-need-not-be-lost-as-the-price-we-must-pay-for-the-2/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

> [The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the…](https://sms4smile.com/quotes/murray-rothbard/the-underconsumptionist-of-1819-believed-that-consumption-would-be/)

[Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/)

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