The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed.
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 RothbardSubjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology.
Murray RothbardThe costs of government are bound to be much higher than those of the free market. . .The State cannot calculate well and therefore cannot gauge its costs accurately.
Murray Rothbard