Category - Murray Rothbard

Discover the thoughtful Quotes of Murray Rothbard, a philosopher and author. Our collection of his most impactful quotes reflects his deep understanding of language, philosophy, and history. Motivational Quotes of Murray Rothbard
Whether seeking thought-provoking reflections or academic wisdom, Murray Rothbards words offer a rich source of intellectual inspiration. #MurrayRothbard Murray Rothbard

Murray Rothbard

Leading the boom of 1838 were state governments, who, finding themselves with the unexpected windfall of a distributed surplus from the federal government, proceeded to spend the money wildly and borrow even more extravagantly on public works and other uneconomic forms of ‘investment.’

– Murray Rothbard

Murray Rothbard

Out of the bitter experiences of the panic of 1819 emerged the beginnings of the Jacksonian movement, dedicated to hard money, the eradication of fractional reserve banking in general, and of the Bank of the United States in particular.

– Murray Rothbard

Murray Rothbard

The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.

– Murray Rothbard

Murray Rothbard

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.

– Murray Rothbard

Murray Rothbard

Apart from medieval China, which invented both paper and printing centuries before the West, the world had never seen government paper money until the colonial government of Massachusetts emitted a fiat paper issue in 1690.

– Murray Rothbard

Murray Rothbard

It is important to realize that gold and silver are international commodities and that, therefore, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.

– Murray Rothbard

Murray Rothbard

The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of 1819 as a confirmation of his pessimistic views on banks.

– Murray Rothbard

Murray Rothbard

In his second Inaugural Address, on March 5, 1821, Monroe admitted at last to a general depression of prices, but only as a means of explaining the great decline in the federal revenue. Despite this, he asserted that the situation of America presented a ‘gratifying spectacle.’

– Murray Rothbard

Murray Rothbard

As the greatest and last major crisis before 1836, the panic of 1819 holds considerable interest for the study of business cycles and for the present day. It was an economy in transition, as it were, to a state where business cycles as we know them would develop.

– Murray Rothbard

Murray Rothbard

Of all the numerous forms that governments have taken over the centuries, of all the concepts and institutions that have been tried, none has succeeded in keeping the State in check. The problem of the State is evidently as far from solution as ever.

– Murray Rothbard

Murray Rothbard

Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and private enterprise, we must assert that the State is profoundly and inherently anticapitalist.

– Murray Rothbard

Murray Rothbard

The State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it.

– Murray Rothbard

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