A Quote by Murray Rothbard

As Ludwig von Mises conclusively demonstrated in 1912, money does not and cannot originate by order of the State or by some sort of social contract agreed upon by all citizens; it must always originate in the processes of the free market.

Murray Rothbard

Quote Topics

Agreed Always Cannot Citizens Contract Does Free Free Market Market Money Must Order Processes Social Social Contract Some Sort State Von Von Mises

Quote Author

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

Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.

Ludwig von Mises

The proposition that economist Ludwig von Mises was a feminist is an apodictic impossibility.

Ilana Mercer

Ludwig von Mises referred to Ayn Rand as 'the most courageous man in America.' If that doesn't say it all about the economist's man-centric frame of reference, I don't know what does.

Ilana Mercer

At George Mason University I saw Hoppe present a lecture in which he claimed that Ludwig von Mises had set the intellectual foundation for not only economics, but for ethics, geometry, and optics, as well. This bizarre claim turned a serious scholar and profound thinker into a comical cult figure, a sort of Euro Kim Il Sung.

Tom G. Palmer

The State did not originate in any form of social agreement, or with any disinterested view of promoting order and justice. Far otherwise. The State originated in conquest and confiscation, as a device for maintaining the stratification of society permanently into two classes-an owning and exploiting class, relatively small, and a propertyless dependent class. . . . No State known to history originated in any other manner, or for any other purpose than to enable the continuous economic exploitation of one class by another.

Albert J. Nock

The state is therefore everyone; the rules within the state are laws which safeguard the welfare of all and which must originate from the welfare of all.

Georg Buchner

It is not true at all that a free market will ensure a democracy. It doesn't. There must be a balance between a free market and some regulations which are essential in order to safeguard the interests of consumers and of people in general.

Mahathir Mohamad

Mental patterns do not originate out of inorganic nature. They originate out of society, which originates out of inorganic nature. And, as anthropologists know so well, what a mind thinks is as dominated by biological patterns as social patterns are dominated by biological patterns and as biological patterns are dominated by inorganic patterns. There is no direct scientific connection between mind and matter. As the atomic scientist, Niels Bohr, said, "We are suspended in language." Our intellectual description of nature is always culturally derived.

Robert M. Pirsig

It is easy to see that the inventor of the heaven did not originate the idea, but copied it from the show-ceremonies of some sorry little sovereign State up in the back settlements of the Orient somewhere.

Mark Twain

If we are to build grassroots respect for the institutions and processes that constitute democracy, the state must treat its citizens as real citizens rather than as subjects.

Mo Ibrahim

As a social and as a personal force, religion has become a dependent variable. It does not originate; it reacts. It does not denounce; it adapts. It does not set forth new models of conduct and sensibility; it imitates. Its rhetoric is without deep appeal; the worship it organizes is without piety. It has become less a revitalization of the spirit in permanent tension with the world than a respectable distraction from the sourness of life.

C. Wright Mills

If the state cannot be entirely composed of good men, and yet each citizen is expected to do his own business well, and must therefore have virtue, still inasmuch as all the citizens cannot be alike, the virtue of the citizen and of the good man cannot coincide. All must have the virtue of the good citizen - thus, and thus only, can the state be perfect; but they will not have the virtue of a good man, unless we assume that in the good state all the citizens must be good.

Aristotle

It is easy to shield the outer body from poisoned arrows, but it is impossible to shield the mind from the poisoned darts that originate within itself. Greed, anger, foolishness and the infatuations of egoism - these four poisoned darts originate within the mind and infect it with deadly poison.

Albert Camus

An institution or reform movement that is not selfish, must originate in the recognition of some evil that is adding to the sum of human suffering, or diminishing the sum of happiness.

Clara Barton

[A] great embarrassing fact… haunts all attempts to represent the market as the highest form of human freedom: that historically, impersonal, commercial markets originate in theft.