Recommended quotes
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“Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. So it is a great boon that gold or silver are scarce and are costly to increase in supply.
But 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.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

"Taking Money Back" http://mises.org/story/2882, in The Freeman (September - October 1995) http://www.fee.org/publications/the-freeman/.

“It doesn't matter what the supply of money is.”

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

What Has Government Done to Our Money? (1980)

“Briefly, the State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

Murray Rothbard, The Anatomy of the State, Auburn, Alabama, Mises Institute (2009) p.11, first published in 1974 https://mises.org/library/anatomy-state

“John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father.”

Murray N. Rothbard book An Austrian Perspective on the History of Economic Thought

An Austrian Perspective on the History of Economic Thought (1995)

“Barnes dismissed his own past criticism of the World War II unconditional surrender policy as valid but superficial; for he had learned from General Albert C. Wedemeyer’s book that the murder of Germans and Japanese was the overriding aim of World War II – virtually an Anglo-American scalping party.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

1968 https://www.lewrockwell.com/1970/01/murray-n-rothbard/cold-war-myths/

“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 (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

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

“So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

The Case against the Fed.

“Shameless sponging on friends and relatives … Marx affected a hatred and contempt for the very material resource he was too anxious to cadge and use so recklessly. Marx created an entire philosophy around his own corrupt attitudes toward money.”

Murray N. Rothbard book An Austrian Perspective on the History of Economic Thought

An Austrian Perspective on the History of Economic Thought (1995)

“Rights may be universal, but their enforcement must be local.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

Two Just Wars: 1776 and 1861 (1994) http://www.lewrockwell.com/rothbard/rothbard20.html.

“Inflation may be defined as any increase in the economy's supply of money not consisting of an increase in the stock of the money metal.”

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

What Has Government Done to Our Money? (1980)

“It is curious that people tend to regard government as a quasi-divine, selfless, Santa Claus organization. Government was constructed neither for ability nor for the exercise of loving care; government was built for the use of force and for necessarily demagogic appeals for votes. If individuals do not know their own interests in many cases, they are free to turn to private experts for guidance. It is absurd to say that they will be served better by a coercive, demagogic apparatus.”

Murray N. Rothbard book Power and Market

Power and Market: Government and the Economy, Ludwig von Mises Institute, 2006, p. 256. First published in 1970

“It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

“I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

"Society Without A State" in The Libertarian Forum (1975) http://www.mises.org/journals/lf/1975/1975_01.pdf. <br class="br">Context: I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual. Anarchists oppose the State because it has its very being in such aggression, namely, the expropriation of private property through taxation, the coercive exclusion of other providers of defense service from its territory, and all of the other depredations and coercions that are built upon these twin foci of invasions of individual rights.

“There is one good thing about Marx: he was not a Keynesian.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

"Interview with Murray N. Rothbard : The Austrian Economics Newsletter" (1990) http://mises.org/journals/aen/aen11_2_1.asp.

“No action can be virtuous unless it is freely chosen.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

“To be moral, an act must be free.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

“Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State’s inhabitants, or subjects.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

“Libertarianism holds that the only proper role of violence is to defend person and property against violence, that any use of violence that goes beyond such just defense is itself aggressive, unjust, and criminal”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

“may you be happy, may you be well
may you be peaceful and at ease
may you be filled with loving kindness
And compassion for all beingslk”

Morihei Ueshiba (1883–1969) founder of aikido

“I am from there. I am from here.
I am not there and I am not here.
I have two names, which meet and part,
and I have two languages.
I forget which of them I dream in.”

Mahmoud Darwich (1941–2008) Palestinian writer

Recommended quotes page 29

Recommended quotes
page 29