“The monopolization of money and banking is the ultimate pillar on which the modern state rests. In fact, it is probably become the most cherished instrument for increasing state income. For nowhere else can the state make the connection between redistribution-expenditure and exploitation-return more directly, quickly, and securely than by monopolizing money and banking. And nowhere else are the state's schemes less clearly understood than here.”

"Banking, Nation States, and International Politics" http://www.mises.org/journals/rae/pdf/rae4_1_3.pdf, Mises Institute, (20 July 2005)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The monopolization of money and banking is the ultimate pillar on which the modern state rests. In fact, it is probably…" by Hans-Hermann Hoppe?
Hans-Hermann Hoppe photo
Hans-Hermann Hoppe 21
Austrian school economist and libertarian anarcho-capitalis… 1949

Related quotes

Felix Frankfurter photo

“If nowhere else, in the relation between Church and State, "good fences make good neighbors."”

Felix Frankfurter (1882–1965) American judge

McCollum v. Board of Education, 333 U.S. 203, 232 (1948).
Judicial opinions

Alexis De Tocqueville photo
Joseph Massad photo
Lew Rockwell photo

“In the end, what is really needed is a fundamental rethinking of the notion that the state rather than private markets must monopolize the provision of justice and security. This is the fatal conceit. No power granted to the state goes unabused. This power, among all possible powers, might be the most important one to take away from the state.”

Lew Rockwell (1944) American libertarian author and editor

As quoted in "The Police State Abolishes the Trial" http://mises.org/library/police-state-abolishes-trial, (30 September 2011), Mises Daily, The Ludwig von Mises Institute.
2010s

William Beveridge photo

“The state is or can be master of money, but in a free society it is master of very little else.”

William Beveridge (1879–1963) Economist and social reformer

Voluntary Action (1948) Ch. 12

J. P. Morgan photo

“[Credit] is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.”

J. P. Morgan (1837–1913) American financier, banker, philanthropist and art collector

Testimony to the Pujo Committee (1912)

Andrew Marvell photo

“To make a bank was a great plot of state;
Invent a shovel, and be a magistrate.”

Andrew Marvell (1621–1678) English metaphysical poet and politician

The Character of Holland (c. 1653).

Murray N. Rothbard photo
Yitzhak Rabin photo
Mikhail Bakunin photo

Related topics