Murray Rothbard Quotes About Creation

Quotes about: Creation

• The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.

  Murray Rothbard

  Jobs, Saving, Way

• At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."

  Murray Rothbard

  Money, Air, Commercial Banks

• 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.

• The necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite.

  Murray Rothbard

  Creation, Program, Ruthless

  Murray Rothbard (2009). “Review of Austrian Economics, Volume 8”, Ludwig von Mises Institute

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