Money creation | Quotes about the magic of money

"Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort." Antony Cyril Sutton

"Profits, like sausages... are esteemed most by those who know least about what goes into them." Alvin Toffler

"The costs of government are bound to be much higher than those of the free market. . .The State cannot calculate well and therefore cannot gauge its costs accurately." Murray Rothbard

"True #‎ anarchism will be #‎ capitalism , and true capitalism will be anarchism." Murray Rothbard

"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." Murray Rothbard

"When you start paying people to be poor, you wind up with an awful lot of poor people." Milton Friedman

"We have a system that increasingly taxes work and subsidizes nonwork." Milton Friedman

"Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium." Murray Rothbard

"While big-business leaders and firms can be highly productive, servants of consumers in a free market economy, they are also all too often, seekers after subsidies, contracts, privileges, or cartels furnished by big government. Often, business lobbyists and leaders are the sparkplugs for the statist, interventionist system." Murray Rothbard

"One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies." Murray Rothbard

"To those advocates of independent paper moneys who also champion the free market, I would address this simple question: "Why don't you advocate the unlimited freedom of each individual to manufacture dollars?" If dollars are really and properly things-in-themselves, why not let everyone manufacture them as they manufacture wheat and baby food?" Murray Rothbard

"If you pay people not to work and tax them when they do, don't be surprised if you get unemployment." Milton Friedman

"The paradise of the rich is made out of the hell of the poor." Victor Hugo

"Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists." Noam Chomsky