Murray Rothbard - Inflation Quotes

3 Sourced Quotes

View all Murray Rothbard Quotes

Inflation may be defined as any increase in the economy's supply of money not consisting of an increase in the stock of the money metal.

Murray Rothbard

Inflation, being a fraudulent invasion of property, could not take place on the free market.

Murray Rothbard

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