"If government manages to establish paper tickets or……" — Murray Rothbard
"If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy."
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Murray Rothbard
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95 Quotes by Murray Rothbard
Murray Rothbard has 95 quotes on this site.
A few more worth reading:
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The policy of letting the child 'do what he likes' is an insidious one, since the children are encouraged to…
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Children are prepared for democracy by being led to discuss current events without first learning the systematic subjects (politics, economics,…
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All government wars are unjust.
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...The very nature of interstate war puts innocent civilians into great jeopardy, especially with modern technology.
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The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in…
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The libertarian creed...offers the fulfillment of the best of the American past along with the promise of a far better…
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It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
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Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for…
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The diversity of mankind is a basic postulate of our knowledge of human beings. But if mankind is diverse and…
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There is one good thing about Marx: he was not a Keynesian.
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There can be no such thing as 'fairness in taxation.' Taxation is nothing but organized theft, and the concept of…
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In short, the early receivers of the new money in this market chain of events gain at the expense of…
See all 95 quotes by Murray Rothbard »
More Bank Quotes
This quote is filed under Bank Quotes,
one of 1,072 quotes in that category. Here are a few more:
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I don't use a debit card. The safest thing is a credit card because you're using the bank's money. If…
— Frank Abagnale
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And, I believe that if a man dies with a single penny still sitting in the bank, he's a fool.
— Dan Aykroyd
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People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't…
— Michele Bachmann
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Writing a novel is one of those modern rites of passage, I think, that lead us from an innocent world…
— J. G. Ballard
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I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again.…
— Jean Baudrillard
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My notion of a wife at 40 is that a man should be able to change her, like a bank…
— Warren Beatty
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The one thing that offends me the most is when I walk by a bank and see ads trying to…
— Jeff Bezos
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I've never had a bank account in Switzerland since 1984. Why would the Swiss do this to me? Maybe the…
— Benazir Bhutto
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I've got my eye on a few things to spend my money on. I've got my own bank card but…
— Justin Bieber
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As a good horse is not very apt to jump over a bank, if left to guide himself, I let…
— Buffalo Bill
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Economy is a savings-bank, into which men drop pennies, and get dollars in return.
— Josh Billings
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If there was a payment to the bank due, and we needed shoes, she'd get the shoes, and then deal…
— Larry Bird
See all 1,072 Bank Quotes »