Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country. — Murray Rothbard Copy Share Image
At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash… — 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
