Quote by Lew Rockwell on Money and Value

„Money out of nothing is money that is eventually worth nothing.“

Llewellyn H. Rockwell Jr.Lew Rockwell on the worthlessness of money created without backing.
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Llewellyn H. Rockwell Jr. is an American economist and libertarian author known for his work on the Austrian School of Economics and libertarian philosophy.

Lew Rockwell criticizes the creation of money without backing and its eventual loss of value.


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Quote by Lew Rockwell about money and value

Llewellyn H. Rockwell Jr. (born 1944) is a prominent figure of the Austrian School of Economics and a leading libertarian thinker in the United States. He is founder and chairman of the Ludwig von Mises Institute and an influential author advocating for free markets and minimal state intervention.

Quote about money creation and debt by G. Edward GriffinCopyright © yoice.net – Quote Artwork
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"In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish." G. Edward Griffin
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Quote about banks and money creation by G Edward GriffinCopyright © yoice.net – Quote Artwork
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"When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral." G. Edward Griffin
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Murray Rothbard quote about government money creation and inflationCopyright © yoice.net – Quote Artwork
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"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 Rothbard
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Lew Rockwell quote about government spending, taxation, monetary inflation, and economic wasteCopyright © yoice.net – Quote Artwork
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"Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted." Lew Rockwell
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