--- title: "4 Central bank Quotes By Murray Rothbard" description: "4 Central bank quotes by Murray Rothbard. Plus more from Murray Rothbard and more Central bank sayings from other authors." image: "https://sms4smile.com/quotes/i/dcd/murray-rothbard-1563_blight_so-if-the-chronic-inflation-undergone-by_600800.jpg" --- > [So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new…](https://sms4smile.com/quotes/murray-rothbard/so-if-the-chronic-inflation-undergone-by-americans-and-in-almost/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) [Image](https://sms4smile.com/quotes/i/dcd/murray-rothbard-1563_blight_so-if-the-chronic-inflation-undergone-by_600800.jpg) > [War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War…](https://sms4smile.com/quotes/murray-rothbard/war-has-generally-had-grave-and-fateful-consequences-for-the-american/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) [Image](https://sms4smile.com/quotes/i/b31/murray-rothbard-1563_america_war-has-generally-had-grave-and-fateful_2128804.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) > [Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were…](https://sms4smile.com/quotes/murray-rothbard/having-examined-the-nature-of-fractional-reserve-and-of-central/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) [Image](https://sms4smile.com/quotes/i/e22/murray-rothbard-1563_america_having-examined-the-nature-of-fractional_3189276.jpg) ## Other authors on Central bank - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-ben-bernanke-16920.jpg) Ben Bernanke 18 quotes ](https://sms4smile.com/quotes/about/central-bank/ben-bernanke/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-milton-friedman-68333.jpg) Milton Friedman 11 quotes ](https://sms4smile.com/quotes/about/central-bank/milton-friedman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-vladimir-putin-94037.jpg) Vladimir Putin 10 quotes ](https://sms4smile.com/quotes/about/central-bank/vladimir-putin/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b012/author-janet-yellen-47237.jpg) Janet Yellen 7 quotes ](https://sms4smile.com/quotes/about/central-bank/janet-yellen/) - [Elvira Nabiullina 6 quotes](https://sms4smile.com/quotes/about/central-bank/elvira-nabiullina/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-alan-greenspan-10313.jpg) Alan Greenspan 6 quotes ](https://sms4smile.com/quotes/about/central-bank/alan-greenspan/) - [Jerome Powell 5 quotes](https://sms4smile.com/quotes/about/central-bank/jerome-powell/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b010/author-george-soros-37989.jpg) George Soros 5 quotes ](https://sms4smile.com/quotes/about/central-bank/george-soros/) ## 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/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/central-bank/murray-rothbard/#itemlist", "name": "4 Central bank Quotes By Murray Rothbard", "numberOfItems": 4, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental \"Central Bank\" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? 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Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.", "creator": { "@type": "Person", "name": "Murray Rothbard" }, "url": "https://sms4smile.com/quotes/murray-rothbard/the-expansionary-operations-of-the-second-bank-of-the-united-states/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/05b/murray-rothbard-1563_bank_the-expansionary-operations-of-the-secon_2622005.jpg", "contentUrl": "https://sms4smile.com/quotes/i/05b/murray-rothbard-1563_bank_the-expansionary-operations-of-the-secon_2622005.jpg", "url": "https://sms4smile.com/quotes/i/05b/murray-rothbard-1563_bank_the-expansionary-operations-of-the-secon_2622005.jpg", "width": 1080, "height": 1080, "caption": "“The expansionary operations of the Second Bank of the United States, coupled with its laxity toward…” — Murray Rothbard", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.", "creator": { "@type": "Person", "name": "Murray Rothbard" }, "url": "https://sms4smile.com/quotes/murray-rothbard/having-examined-the-nature-of-fractional-reserve-and-of-central/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e22/murray-rothbard-1563_america_having-examined-the-nature-of-fractional_3189276.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e22/murray-rothbard-1563_america_having-examined-the-nature-of-fractional_3189276.jpg", "url": "https://sms4smile.com/quotes/i/e22/murray-rothbard-1563_america_having-examined-the-nature-of-fractional_3189276.jpg", "width": 1080, "height": 1080, "caption": "“Having examined the nature of fractional reserve and of central banking, and having seen how the…” — Murray Rothbard", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/central-bank/murray-rothbard/#webpage", "url": "https://sms4smile.com/quotes/about/central-bank/murray-rothbard/", "name": "Central bank Quotes by Murray Rothbard", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/central-bank/murray-rothbard/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/dcd/murray-rothbard-1563_blight_so-if-the-chronic-inflation-undergone-by_600800.jpg" }, "description": "4 Central bank quotes by Murray Rothbard. 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