The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.
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 RothbardThe necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite.
Murray RothbardMoney is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.
Murray RothbardIn short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money.
Murray Rothbard