Murray Rothbard quotes

" "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." " # Death and Dying # Money # Love

" "The more consistently Austrian an economist is, the better a writer he will be." " # Economy and Economics # Ideas # Writers and Writing

" "It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." " # Cinema # Science and Scientists # Opinions

" "Rights may be universal, but their enforcement must be local." " # Law and Lawyers

" "All government wars are unjust." " # Government

" "I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual." " # Compassion # Law and Lawyers # Property

" "The problem is that he originated nothing that was true, and that whatever he originated was wrong ..." " # Originality

" "John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father." " # Knowledge # Friends and Friendship # Love

" "... 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." " # Friends and Friendship # Money # Hatred