Phrase by 'Murray Rothbard'
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After the Volcker Fund collapsed, I got another grant from the Lilly Endowment to do a history of the U.S., which I worked on from 1962-66. The original idea was to take the regular facts and put a libertarian assessment on everything.
Author: Murray Rothbard - American EconomistEverything , History , Facts , Assessment
It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts.
Author: Murray Rothbard - American EconomistGame , Fake , Banking , Fraud
If taxes and government spending are both slashed, then the salutary result will be to lower the parasitic burden of government taxes and spending upon the productive activities of the private sector.
Author: Murray Rothbard - American EconomistWill , Result , Government , Burden
The successful entrepreneurs on the free market will be the ones most adept at anticipating future business conditions. Yet, the forecasting can never be perfect, and entrepreneurs will continue to differ in the success of their judgments. If this were not so, no profits or losses would ever be made in business.
Author: Murray Rothbard - American EconomistFree , Business , Future , Success
The State provides a legal, orderly, systematic channel for the predation of private property; it renders certain, secure, and relatively 'peaceful' the lifeline of the parasitic caste in society.
Author: Murray Rothbard - American EconomistSociety , Legal , Peaceful , Caste
In his second Inaugural Address, on March 5, 1821, Monroe admitted at last to a general depression of prices, but only as a means of explaining the great decline in the federal revenue. Despite this, he asserted that the situation of America presented a 'gratifying spectacle.'
Author: Murray Rothbard - American EconomistDepression , Great , America , Situation
Originally, Congress provided in 1793 that all foreign coins circulating in the United States be legal tender. Indeed, foreign coins have been estimated to form 80 percent of American domestic specie circulation in 1800.
Author: Murray Rothbard - American EconomistAmerican , Legal , United States , Congress
Play, as a consumers' good, is subject to the law of marginal utility, as are all goods, and the time spent in play will be balanced against the utility to be derived from other obtainable goods.
Author: Murray Rothbard - American EconomistTime , Will , Good , Law
The contemporary political scientist believes that he can avoid the necessity of moral judgments and that he can help frame public policy without committing himself to any ethical position.
Author: Murray Rothbard - American EconomistMoral , Help , Political , Frame
All government wars are unjust.
Author: Murray Rothbard - American EconomistGovernment , Wars , Unjust