A Quote by Murray Rothbard

Monetary expansion is a massive scheme of hidden redistribution.

Murray Rothbard

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Expansion Hidden Massive Monetary Redistribution Scheme

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Murray Rothbard
American - Economist
March 2, 1926 - January 7, 1995

The more one considers the matter, the clearer it becomes that redistribution is in effect far less a redistribution of free income from the richer to the poorer, as we imagined, than a redistribution of power from the individual to the State.

Bertrand de Jouvenel

The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the remedy. On the other hand, the remedy proposed for the shortage of money capital was monetary inflation in 1819, encouragement of savings and thrift in the 1930s.

Murray Rothbard

What governments call international monetary cooperation is concerted action for the sake of credit expansion.

Ludwig von Mises

The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.

Murray Rothbard

In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.

G. Edward Griffin

Received left-wing wisdom holds that the police cannot lower crime, only massive welfare spending and the redistribution of wealth can.

Heather Mac Donald

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

Alan Greenspan

The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as long as we might hope.

Vince Cable

While monetary policy can contribute to growth by supporting a durable expansion in a context of price stability, it cannot reliably affect the long-run sustainable level of the economy's growth.

Jerome Powell

I believe Social Security is unjust. I think it's wrong. I think it penalizes responsible people. It penalizes the young and it's a massive redistribution of wealth.

Yaron Brook

People talk about the redistribution of wealth a lot, which is a very valid topic. But what about the redistribution of health? That's even more concentrated at the top.

Bill Maris

The modern economy isn't about the redistribution of wealth, it's about the redistribution of time.

Douglas Coupland

The modern economy isn't about the redistribution of wealth - it's about the redistribution of time.

Douglas Coupland

The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.

William Vickrey

The trick is figuring out how do we structure government systems that pool resources, and hence facilitate some [wealth] redistribution, because I actually believe in redistribution, at least at a certain level, to make sure that everybody's got a shot.

Barack Obama

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive redistribution.

Will Durant

A Quote by Murray Rothbard

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