Murray Rothbard Quotes
Governments have persistently tried their best to promote, encourage, and expand the circulation of bank and government paper, and to discourage the people's use of gold itself.
Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.
Unlike every other person and institution in society, government obtains its revenue from coercion, from taxation.
Placing the state in charge of moral principles is equivalent to putting the proverbial fox in charge of the chicken coop.
The fundamental axiom, then, for the study of man is the existence of individual consciousness
I want to make it clear what I am not saying. I am not saying that fiat money, once established on the ruins of gold, cannot then continue indefinitely on its own.
The more consistently Austrian School an economist is, the better a writer he will be.
The proper governmental policy in a depression is strict laissez-faire, including stringent budget slashing, and coupled perhaps with positive encouragement for credit contraction.
The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of 1819 as a confirmation of his pessimistic views on banks.
