Murray Rothbard on Money Distribution and Fixed Incomes

„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 RothbardMurray Rothbard explains how the unequal distribution of new money can disadvantage people with fixed incomes.
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Murray Rothbard was an American economist, historian, and political philosopher known for his contributions to libertarian theory and anarcho-capitalism.

Rothbard describes how the unequal timing of new money affects different income groups in different ways.


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Murray Rothbard quote about money distribution and the effects on people with fixed incomes

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.

Quote about banks and fiat money by G. Edward GriffinCopyright © yoice.net – Quote Artwork
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"And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money." G. Edward Griffin
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Quote by Roland Baader about how every decline in the value of money is caused by the state.Copyright © yoice.net – Quote Artwork
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""...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
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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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Inspirational quote by Nathaniel Meyer Rothschild about understanding the financial system and its impactsCopyright © yoice.net – Quote Artwork
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"The few who could understand the system (checks, money, credits) will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." Nathaniel Meyer Rothschild
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