Murray Rothbard
It doesn’t matter what the supply of money is – Murray Rothbard
An increase in the money supply, then, only dilutes the effectiveness of each gold ounce; on the other hand, a fall in the supply of money raises the power of each gold ounce to do its work. We come to the startling truth that it doesn’t matter what the supply of money is. Any supply … Read more
What Has Government Done to Our Money? – Audiobook
Murray Rothbard’s 4-part audio version of “What Has Government Done to Our Money?“ from the Mises Institute.
Murray Rothbard on Cause of Inflation
“The Austrian [school of economics] holds that persistent inflation is brought about by continuing and chronic increases in the supply of money engineered by the federal government. “Since the inception of the Federal Reserve system in 1913, the supply of money and bank credit in America has been totally in control of the federal government.” … Read more
Inflation IS Money Supply Growth, Not Prices Denominated in Money – Mises Institute
Defining Inflation According to Murray Rothbard and Ludwig von Mises, inflation is defined as the increase of the money supply out of “thin air.” Following this definition, one can ascertain that increases in money supply set economic impoverishment in motion by creating an exchange of nothing for something, the so-called counterfeit effect. Contrary to popular thinking, inflation … Read more