Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium.
Murray RothbardFalling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.
Murray RothbardPlacing the state in charge of moral principles is equivalent to putting the proverbial fox in charge of the chicken coop.
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 RothbardHuman life is not some sort of race or game in which each person should start from an identical mark. It is an attempt by each man to be as happy as possible. And each person could not begin from the same point, for the world has not just come into being; it is diverse and infinitely varied in its parts. The mere fact that one individual is necessarily born in a different place from someone else immediately insures that his inherited opportunity cannot be the same as his neighbor's.
Murray RothbardThe public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society - far from satisfying the wants of consumers - are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desire by the parasitic bureaucracy and politicians.
Murray Rothbard