“Money is not an invention of the state. It is not the product of a legislative act.”
Quote by Carl Menger
Author
Carl Menger
Carl Menger (February 23, 1840 - February 26, 1921) was an Austrian economist and one of the founders of the Austrian School of economics. He made significant contributions to economic methodology and price theory, particularly with his theory of marginal utility. more
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Source: The Debates in the Several State Conventions on the Adoption of the Federal Constitution: As Recommended by the General Convention at Philadelphia in 1787. Together with the Journal of the Federal Convention, Luther Martin's Letter, Yates's Minutes, Congressional Opinions, Virginia and Kentucky Resolutions of '98-'99, and Other Illustrations of the Constitution
Source: Light and Liberty: Reflections on the Pursuit of Happiness
“Well, if I were in charge, they would know that waterboarding is how we baptize terrorists.”
Source: Human action: a treatise on economics