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Quote by Murray Rothbard

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

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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

“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.”

People Stills Ends Interest Liberty Economic Events Gains Economics Income Chains Fixed Expenses Loser Pension Receiver Chain Of Events Fixed Income

Author:Murray Rothbard

“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.”

People Political Liberty Economic Essentials Areas Economics Libertarian Libertarianism Coercion Political Power Enabling Economic Freedom Political Freedom

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.”

Trying Values Force Liberty Moral Economic Intention Libertarian Triumph Cooperation Libertarianism Good Intentions Moral Values

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.”

Force Liberty Economic Essentials Notion Libertarian Cooperation Capitalist Libertarianism Socialist

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.”

“Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.”

Source: Milton Friedman on Freedom: Selections from The Collected Works of Milton Friedman

“Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The scientist seeking to advance the frontiers of his discipline, the missionary seeking to convert infidels to the true faith, the philanthropist seeking to bring comfort to the needy - all are pursuing their interests, as they see them, as they judge them by their own values.”

Source: Free to Choose: A Personal Statement

“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

Source: The Economic Consequences of the Peace: The Economist

Quote by Murray Rothbard

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