Budget Quote by Murray Rothbard
“The proper governmental policy in a depression is strict laissez-faire, including stringent budget slashing, and coupled perhaps with positive encouragement for credit contraction.”
About This Quote
Source Book: Man, Economy, and State, Murray Rothbard, 1962
In a depression, government should enforce strict non‑intervention, cut budgets, and possibly encourage credit reduction.
In simple terms: Strict non‑intervention and cuts in downturns.
Key Takeaway
Apply laissez‑faire, reduce spending, limit credit.
Themes
economics
policy
depression
Mood
critical
analytical
Type
economic
political
When to use this quote
- government budgeting
- financial crisis
- policy debate
Key Concepts
laissez‑faire
budget austerity
credit control
Questions to Reflect On
- Can extreme cuts sustain recovery?
- What protects vulnerable populations?
A Different Perspective
May worsen recession effects and ignore social needs.
