What Has Government Done to Our Money? Quotes

“While everyone else must pay their debts or go bankrupt, the banks are permitted to refuse redemption of their receipts, at the same time forcing their own debtors to pay when their loans fall due. The usual name for this is a “suspension of specie payments.” A more accurate name would be “license for theft;” for what else can we call a governmental permission to continue in business without fulfilling one’s contract?”
― Murray N. Rothbard, What Has Government Done to Our Money?

“In sum, 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. Here, too, free men will best and most smoothly supply all their economic wants. For money as for all other activities of man, “liberty is the mother, not the daughter, of order.”
― Murray N. Rothbard, What Has Government Done to Our Money?

“We conclude, therefore, that determining the supply of money, like all other goods, is best left to the free market. Aside from the general moral and economic advantages of freedom over coercion, no dictated quantity of money will do the work better, and the free market will set the production of gold in accordance with its relative ability to satisfy the needs of consumers, as compared with all other productive goods.10”
― Murray N. Rothbard, What Has Government Done to Our Money?

“Exchange is the lifeblood, not only of our economy, but of civilization itself.”
― Murray N. Rothbard, What Has Government Done to Our Money?

“Many people believe that the free market, despite some admitted advantages, is a picture of disorder and chaos. Nothing is “planned,” everything is haphazard. Government dictation, on the other hand, seems simple and orderly; decrees are handed down and they are obeyed.”
― Murray N. Rothbard, What Has Government Done to Our Money?

“It is important to realize that money cannot be an abstract unit of account or claim, except insofar as it serves as a medium of exchange.”
― Murray N. Rothbard, What Has Government Done to Our Money?