Blight Quote by Murray Rothbard
“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? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?”
About This Quote
Source Book: Man, Economy, and State, 1962
Inflation stems from central banks creating money, making them the primary cause of price rises.
In simple terms: Central banks create money, causing inflation.
Key Takeaway
Limit money creation to control inflation.
Themes
economics
monetary policy
inflation
responsibility
Mood
critical
analytical
Type
economic
political
When to use this quote
- budget planning
- policy making
- investment decisions
- public discourse
Key Concepts
monetary theory
government monopoly
price stability
Questions to Reflect On
- What alternative mechanisms could reduce inflation without restricting money supply?
- How can societies balance monetary control and economic growth?
A Different Perspective
If demand pressures also rise, limiting money may not curb inflation fully.
