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Money is a commodity … not a useless token only good for exchanging; … It differs from other commodities in being demanded mainly as a medium of exch… - Murray Rothbard
" "Money is a commodity … not a useless token only good for exchanging; … It differs from other commodities in being demanded mainly as a medium of exchange.
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About Murray Rothbard
Murray Newton Rothbard (2 March 1926 – 7 January 1995) was an American economist of the Austrian School, an historian of both economic thought and American history, and a political philosopher whose writings and personal influence played a seminal role in the development of modern libertarianism. Rothbard was the founder and leading theoretician of anarcho-capitalism, a staunch advocate of natural law, and a central figure in the twentieth-century American libertarian movement. He was the author of over twenty books on anarchist theory, history, economics, and other subjects.
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Birth Name:
Murray Newton Rothbard
Alternative Names:
Murray N. Rothbard
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Additional quotes by Murray Rothbard
Briefly, the State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.
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