“Money … is the nerve center of the economic system. If, therefore, the state is able to gain unquestioned control over the unit of all accounts, the state will then be in a position to dominate the entire economic system, and the whole society.”

— Murray N. Rothbard, book What Has Government Done to Our Money?

What Has Government Done to Our Money? (1980)

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 "Money … is the nerve center of the economic system. If, therefore, the state is able to gain unquestioned control over …" by Murray N. Rothbard?

Murray N. Rothbard photo

Murray N. Rothbard43

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

Related quotes

“Every dominant state, and particularly an empire, promotes a religion or ideology that justifies its domination over other states in the system.”

Robert Gilpin (1930–2018) Political scientist

p, 125
War and Change in World Politics (1981)

“The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain.”

Ian Bremmer (1969) American political scientist

"State Capitalism Comes of Age," http://www.foreignaffairs.com/articles/64948/ian-bremmer/state-capitalism-comes-of-age Foreign Affairs (May/June 2009).

“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”

Herbert Hoover (1874–1964) 31st President of the United States of America

The Hoover Policies (1937)

“Both the control of territory and the political domination of one state over another have profound consequences for international economic relations. However… market power or economic power has itself become a principal means by which states seek to organize and manipulate the international division of labor to their own advantage.”

Robert Gilpin (1930–2018) Political scientist

p, 125
War and Change in World Politics (1981)

“Through exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.”

Robert Gilpin (1930–2018) Political scientist

Source: The Political Economy of International Relations (1987), Chapter Eight, International Finance, p. 308

“State capitalism is about more than emergency government spending, implementation of more intelligent regulation, or a stronger social safety net. It’s about state dominance of economic activity for political gain.”

Ian Bremmer (1969) American political scientist

"The End of the Free Market: Six Questions for Ian Bremmer," http://harpers.org/archive/2010/05/hbc-90006994 Harper's (May 7, 2010).

“As the State formerly played a most important part in the revolutions that abolished the old economic systems, so it must again be the State that should abolish capitalism.”

Georges Sorel book Reflections on Violence

Source: Reflections on Violence (1908), p. 170

“Economics is the study of the whole system of exchange relationships. Politics is the study of the whole system of coercive or potentially coercive relationships.”

James M. Buchanan (1919–2013) American economist

Source: In What Should Economists Do? (1979), p. 34

“Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.”

Ronald Reagan (1911–2004) American politician, 40th president of the United States (in office from 1981 to 1989)

“Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.”

Jim Stanford (1961) Canadian economist

Part 1, Chapter 3, Economic History, p. 43
Economics For Everyone (2008)

Related topics