Day Quote by Murray Rothbard

“Total spending or demand did not expand rapidly. It was important that excess demand conditions were modest – there was sufficient demand to create…

— Edward A. Hudson

In the panic of 1819, the protectionists stressed the lack of consumer markets abroad and the necessity for building up a market at home.…

— Murray Rothbard

“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to the fore…

— Joan Robinson

“KEYNESIAN ECONOMICS AND STIMULUS Keynesian economics is based on the notion that unemployment arises when total or aggregate demand in an economy falls short…

— Alan S. Blinder

It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their…

— Paul Singer

“Whenever a state or an individual cited 'insufficient funds' as an excuse for neglecting this important thing or that, it was indicative of the…

— Tom Robbins

We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in…

— Nina Easton

Leading the boom of 1838 were state governments, who, finding themselves with the unexpected windfall of a distributed surplus from the federal government, proceeded…

— Murray Rothbard

The most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing ‘money’ with…

— Henry Hazlitt

“the only way in which a whole country may save is by reducing its consumption.  Consumption is therefore the destruction of wealth, whereas savings…

— Axel Kaiser

If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity,…

— Thomas Sowell

By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for over a…

— Jerome Powell