The natural tendency of the state is inflation. - Murray Rothbard

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The natural tendency of the state is inflation.

Murray Rothbard

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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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Murray N. Rothbard Ludwig von Mises Milton Friedman L. Neil Smith John Maynard Keynes

Additional quotes by Murray Rothbard

The cumulative development of a medium of exchange on the free market — is the only way money can become established. … government is powerless to create money for the economy; it can only be developed by the processes of the free market.

All interstate wars intensify aggression – maximize it … some wars are even more unjust than others. In other words, all government wars are unjust, although some governments have less unjust claims…

Freedom can run a monetary system as superbly as it runs the rest of the economy. Contrary to many writers, there is nothing special about money that requires extensive governmental dictation.

The natural tendency of the state is inflation. - Murray Rothbard

About Murray Rothbard

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