Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism. — Murray Rothbard Copy Share Image
If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government,… — Murray Rothbard Copy Share Image
Praxeology - economics - provides no ultimate ethical judgments: it simply furnishes the indispensable data necessary to make such judgments. — Murray Rothbard Copy Share Image
The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that… — Murray Rothbard Copy Share Image
The diversity of mankind is a basic postulate of our knowledge of human beings. But if mankind is diverse and individuated, then… — Murray Rothbard Copy Share Image
The fundamental axiom, then, for the study of man is the existence of individual consciousness — Murray Rothbard Copy Share Image
As the greatest and last major crisis before 1836, the panic of 1819 holds considerable interest for the study of business cycles… — Murray Rothbard Copy Share Image
Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm.… — Murray Rothbard Copy Share Image
In order to conquer the world of economics with his new theory, it was critical for Keynes to destroy his rivals within… — Murray Rothbard Copy Share Image
Capitalism is the fullest expression of anarchism and anarchism is the fullest expression of capitalism — Murray Rothbard Copy Share Image
One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce,… — Murray Rothbard Copy Share Image
In short, the early receivers of the new money in this market chain of events gain at the expense of those who… — Murray Rothbard Copy Share Image
Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products… — Murray Rothbard Copy Share Image
Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible… — Murray Rothbard Copy Share Image
Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society,… — Murray Rothbard Copy Share Image
The libertarian creed...offers the fulfillment of the best of the American past along with the promise of a far better future. Libertarians… — Murray Rothbard Copy Share Image
It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns… — Murray Rothbard Copy Share Image
Pollution and overuse of resources stem directly from the failure of government to defend private property. If property rights were to be… — Murray Rothbard Copy Share Image
Money ... is the nerve center of the economic system. If, therefore, the state is able to gain unquestioned control over the… — Murray Rothbard Copy Share Image
Children are prepared for democracy by being led to discuss current events without first learning the systematic subjects (politics, economics, history) which… — Murray Rothbard Copy Share Image
Economics has revealed a great truth about the natural law of human interaction: that not only is production essential to man's prosperity… — Murray Rothbard Copy Share Image
This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers,… — Murray Rothbard Copy Share Image
The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed. — Murray Rothbard Copy Share Image
Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic… — Murray Rothbard Copy Share Image
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… — Murray Rothbard Copy Share Image
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… — Murray Rothbard Copy Share Image
Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism. — Murray Rothbard Copy Share Image
To deprecate human reason by saying that none of us is or can be omniscient is absurd, for it takes an impossible standard as… — Murray Rothbard Copy Share Image
Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error. — Murray Rothbard Copy Share Image
Subjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology. — Murray Rothbard Copy Share Image
We must therefore turn to history for enlightenment; here we find that none of the proclaimed anarchist groups correspond to the libertarian position, that… — Murray Rothbard Copy Share Image
John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father. — Murray Rothbard Copy Share Image
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,… — Murray Rothbard Copy Share Image
The major reason for Keynes's rejection of communism was simply that he could scarcely identify with the grubby proletariat. — Murray Rothbard Copy Share Image
Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the… — Murray Rothbard Copy Share Image
The State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it. — Murray Rothbard Copy Share Image
