“In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e. g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.”

— Murray N. Rothbard

The Case Against the Fed (5 June 2009) http://mises.org/daily/3480.

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 "In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive …" by Murray N. Rothbard?

Murray N. Rothbard 43

American economist of the Austrian School, libertarian poli… 1926–1995

Margrit Kennedy (1939–2013) German architect

Source: Interest and Inflation Free Money (1995), Chapter Two, Creating an Interest and Inflation Free Money, p. 37 (See also: Wörgl Austria.)

“Liberation from enslavement to interest on money is the clear motto for the global revolution, for the liberation of productive labor from the chains of the supragovernmental money-powers.”

Gottfried Feder (1883–1941) German economist and politician

"Manifesto for the Abolition of Enslavement to Interest on Money" (1919)

“Perhaps the biggest appreciation adjustment we need is toward the millions of men and women we call stepparents. We have taken for granted especially the stepparents who are raising no children of their own, and receiving no income from a significant other, but who have nevertheless chosen to invest love, time and money in children.”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Father and Child Reunion (2001), p. 246.

“Charity degrades those who receive it and hardens those who dispense it.”

George Sand (1804–1876) French novelist and memoirist; pseudonym of Lucile Aurore Dupin

“Blessed is trust, for it blesses both those who have it to give and those who receive it.”

Marie von Ebner-Eschenbach (1830–1916) Austrian writer

Source: Aphorisms (1880/1893), p. 29.

“The double reservoir at the top shows the amount of money in the hands of individuals and available for expenditure in consumption. This is what we have previously called the consumers' fund. The reservoir is divided into two parts in order graphically to represent the fact that a large part of the money received by individuals is income, most of which is spent in consumption; while a smaller part is money received from the sale of real estate, bonds and stocks, most of which is reinvested. The two parts of the reservoir, however, are connected with pipes, in order to take account of the fact that some income is invested and some money received from the sale of securities is spent in consumption. These connecting pipes are important. We must bear in mind that they are always partly, and never wholly, clogged. By their aid, we may visualize the fact that we have no means of knowing how much of the consumers' fund actually will be spent in consumption in any given period of time.”

William Trufant Foster (1879–1950) American economist

Source: The circuit flow of money, 1922, p. 264

“It is the small flock of God. "Whoever receives in my name one of those little" said Jesus, "It is myself who receives."”

Léon Bloy (1846–1917) French writer, poet and essayist

What thinks the one that sticks, that maims, or inflicts to their pure souls more black sorrow than death? (...) The curse of a crowd of children, is a cataclysm, a horror prodigy, a chain of dark mountains in the sky, with a cavalcade of thunder and lightning in their tops. It is the infinite of the cries of all deep, is a not know what highly powerful unforgiving and extinguishing any hope of forgiveness.

Léon Bloy, Octavio de Faria, portuguese edition, page 101. Léon Bloy, Octavio de Faria, portuguese edition, page 101. https://books.google.com.br/books?id=wI4SAAAAYAAJ&q=%C3%89+o+rebanho+dos+pequenos+de+Deus.+%22Quem+quer+que+receba+em+meu+nome+um+desses+pequenos%22+disse+Jesus&dq=%C3%89+o+rebanho+dos+pequenos+de+Deus.+%22Quem+quer+que+receba+em+meu+nome+um+desses+pequenos%22+disse+Jesus&hl=pt-BR&sa=X&ved=0CBsQ6AEwAGoVChMI0Ovrgrn5yAIVQpGQCh3fFwGB

“I have found philanthropy deeply satisfying work. I encourage all people to engage in giving to others, be it through time or money. The point is to be involved. Helping is a joyful experience and enriches the giver as much as those who receive. By enabling people to do good work, I participate in a brighter future for the Jewish people and, I hope, all of humanity.”

Edgar Bronfman, Sr. (1929–2013) Canadian-American businessman

Giving Pledge.

“What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money; in so far as they succeed, even to a moderate extent, the money is taken away.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

During a discussion in Milton Friedman's "Free to Choose" television series in 1980.
1980s–1990s

“My detractors here are engaged in a propaganda that I have received the money and used it for my own purposes.”

Mahendra Chaudhry (1942) Fijian politician

Parliamentary speech, 2 December 2005 (excerpts)

Help us to complete the source, original and additional information

Murray N. Rothbard 43

Related quotes

Related topics