Murray Rothbard Quotes About Inflation

Quotes about: Inflation

• So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?

  Murray Rothbard

  Country, England, United States

  "The Case against the Fed". Book by Murray Rothbard, 1994.

• Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

  Murray Rothbard

  Giants, Currency, Raises

• Inflation, being a fraudulent invasion of property, could not take place on the free market.

  Murray Rothbard

  Invasion, Free Market, Inflation

  Murray Newton Rothbard (1981). “What Has Government Done to Our Money?”, p.48, Ludwig von Mises Institute

• Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

  Murray Rothbard

  Money, Blessing, America

• If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

  Murray Rothbard

  Government, Gold, Tickets

  "Taking Money Back" by Murray Rothbard, The Freeman, September-October 1995.

• The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.

  Murray Rothbard

  Running, Fire, Games

• The natural tendency of the state is inflation.

  Murray Rothbard

  Natural, States, Tendencies

  Murray N. Rothbard (2011). “Economic Controversies”, p.713, Ludwig von Mises Institute

• The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.

  Murray Rothbard

  Thinking, Welfare, Natural

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