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Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs. - Murray Rothbard
" "Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.
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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.
Also Known As
Birth Name:
Murray Newton Rothbard
Alternative Names:
Murray N. Rothbard
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Additional quotes by Murray Rothbard
If a man has the right to self-ownership, to the control of his life, then in the real world he must also have the right to sustain his life by grappling with and transforming resources; he must be able to own the ground and the resources on which he stands and which he must use. In short, to sustain his "human right."
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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 at all.
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