Murray Rothbard on Paper Money and Monetary Freedom

„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 RothbardMurray Rothbard questions whether independent paper currencies are consistent with the principles of the free market.
PreviousNext

Murray Rothbard was an American economist, historian, and political philosopher known for his contributions to libertarian theory and anarcho-capitalism.

Murray Rothbard questions here whether independent paper currencies are consistent with a consistently understood free market.


Translation or original: 🇩🇪Click here

Quelle: Hier klicken

i

3.0 / 5

Murray Rothbard quote about paper money and monetary freedom

Murray Newton Rothbard (1926–1995) was an American economist, historian, and political philosopher considered one of the leading figures in anarcho-capitalism and the libertarian movement. He was a prominent critic of government intervention in economy and society and authored numerous influential works on free market economics, monetary theory, and political philosophy.

Murray Rothbard quote about gold as the best moneyCopyright © yoice.net – Quote Artwork
/
0 Comments
"It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society." Murray Rothbard
Read more
Murray Rothbard quote about money, scarcity, and the effects of increasing the money supplyCopyright © yoice.net – Quote Artwork
/
0 Comments
"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." Murray Rothbard
Read more
Quote by Roland Baader on the importance of the market economy in securing freedom.Copyright © yoice.net – Quote Artwork
/
0 Comments
"It may be too late to avert the financial disaster that lies ahead of us, but we must at least prevent the road to financial ruin from also becoming a road to servitude. Let's talk our heads off and write our fingers to the bone, let's make ourselves outsiders and ridiculed figures if necessary, but let's fight to ensure that the basis of people's freedom, the market economy, is not presented to them as the alleged culprit and executed by the henchmen of power under the false pretext. Otherwise, it is we ourselves, our happiness and prosperity and freedom, who die with the market. Let us free ourselves from the true evil, from the fuel of presumptuous domination and destructive lies: from state counterfeit money." Roland Baader
Read more
Quote by Markus Krall explaining the dangers of Modern Monetary Theory and money creationCopyright © yoice.net – Quote Artwork
/
0 Comments
"There was this wonderful book called "The Hitchhiker's Guide to the Galaxy" and there's a chapter in it where there's a planet where another planet sends all of its lunatics to do no more damage at home. And on this lunatic planet, the Keynesian economists have come to power and decided that they can abolish the scarcity of goods by abolishing the scarcity of money. They then declared the leaves of trees to be money, which of course immediately led to hyperinflation. This was then countered with a forest defoliation program. And let me tell you, ladies and gentlemen, some of these "foliage faction" have made it here. They're sitting in the central banking worlds today, in the Governing Council of the ECB and at the Fed, and they're telling us with their Modern Monetary Theory that it's possible in all seriousness to overcome the scarcity of goods by abolishing the scarcity of money and being able to buy everything, anything, everything, if we just print enough money." Markus Krall
Read more
Quote by Roland Baader about how every decline in the value of money is caused by the state.Copyright © yoice.net – Quote Artwork
/
0 Comments
""...Every decline in the value of money is caused and organized by the state. Paper money and the central bank monopoly are the great super-tricks used to camouflage the violent nature of the state and the predatory basic pattern of ALL politics. Very few citizens are truly aware of the unimaginable extent to which they have been exploited for generations by the combination of progressive income tax and inflation, robbing them of the fruits of their labor."" Roland Baader
Read more
Quote by Robert H. Hemphill about the bank money system and its economic impactCopyright © yoice.net – Quote Artwork
/
0 Comments
"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent, on the Commercial Banks. Someone has to borrow every dollar, we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. It is the most, important subject, intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon." Robert H. Hemphill
Read more
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Gorbachev and Abraham Lincoln – Quote by Murray RothbardMurray Rothbard quote about Gorbachev and Abraham LincolnCopyright © yoice.net – Quote ArtworkQuote about animation and fantasy by Steven SpielbergCopyright © yoice.net – Quote ArtworkAnimation and Fantasy – Steven Spielberg