The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion… — Murray Rothbard Copy Share Image
The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing… — 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
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new… — Murray Rothbard Copy Share Image
In the United States, after World War II, it took about two decades for the message to slowly seep in that inflation… — Murray Rothbard Copy Share Image
The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of… — Murray Rothbard Copy Share Image
Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of… — Murray Rothbard Copy Share Image
Inflation, being a fraudulent invasion of property, could not take place on the free market. — Murray Rothbard Copy Share Image
As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for… — Murray Rothbard Copy Share Image
Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were… — 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
