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Quote by Murray Rothbard

“It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.”

Quote by Murray Rothbard

Book:Review of Austrian Economics, Volume 8

Work

Review of Austrian Economics, Volume 8

This volume of the Review of Austrian Economics series features a range of essays that delve into the nuances of Austrian economic thought, offering insights into its historical development and contemporary relevance. more

Author

Murray Rothbard

Murray Rothbard was a renowned economist known for his profound understanding and advocacy of free-market economics. He had extensive research and contributions in the fields of economics, political philosophy, and history. more

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“Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.”

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Book:The Logic of Action Two: Applications and Criticism from the Austrian School

Source: The Logic of Action Two: Applications and Criticism from the Austrian School

“The diversity of mankind is a basic postulate of our knowledge of human beings. But if mankind is diverse and individuated, then how can anyone propose equality as an ideal? Every year, scholars hold Conferences on Equality and call for greater equality, and no one challenges the basic tenet. But what justification can equality find in the nature of man? If each individual is unique, how else can he be made 'equal' to others than by destroying most of what is human in him and reducing human society to the mindless uniformity of the ant heap?”

Source: Man, Economy, and State, Scholar's Edition

“There is one good thing about Marx: he was not a Keynesian.”

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Author:Murray Rothbard

“There can be no such thing as 'fairness in taxation.' Taxation is nothing but organized theft, and the concept of a 'fair tax' is therefore every bit as absurd as that of 'fair theft.'”

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“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.”

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“The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed.”

Lasts Liberty Economic Economics Recovery Delayed

Book:Man, Economy, and State, Scholar's Edition

Source: Man, Economy, and State, Scholar's Edition

“Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.”

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Book:Free to Choose: A Personal Statement

Source: Free to Choose: A Personal Statement

“Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force triumphs over good intentions.”

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Book:Bright Promises, Dismal Performance: An Economist's Protest

Source: Bright Promises, Dismal Performance: An Economist's Protest

“The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.”

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Book:Bright Promises, Dismal Performance: An Economist's Protest

Source: Bright Promises, Dismal Performance: An Economist's Protest

“The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.”