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 RothbardIt is not the business of the law to make anyone good or reverent or moral or clean or upright.
Murray RothbardGorbachev's stance contrasts admirably with the policy of the sainted Abraham Lincoln, who used massive force and mass murder to force the seceding Southern states to remain in the Union.
Murray RothbardJust as no one is morally required to answer a robber truthfully when he asks if there are any valuables in oneโs house, so no one can be morally required to answer truthfully similar questions asked by the State, e.g., when filling out income tax returns.
Murray RothbardFalling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.
Murray RothbardKissinger's major, and most lucrative role, has come as head of Kissinger Associates in New York City, founded on a loan obtained in 1982 from the international banking firm of E.M. Warburg, Pincus and Company. Nominally, Kissinger Associates (KA) is an "international consulting firm" but "consultant" covers many sins, and in KA's case, this means international political influence-peddling for its two dozen or so important corporate clients.
Murray Rothbard