The only real cure for poverty is production. The way to maximize production is to maximize the incentives to production. —Henry Hazlitt
Tag: Money Printing
The government is the only institution in society with the power to counterfeit—to create new money. So long as it continues to use that power, we will continue to suffer from inflation. —Murray Rothbard
All the perplexities, confusions, and distress in America arise, not from defects in their Constitution or Confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation. —John Adams
The business cycle is brought about, not by any mysterious failings of the free market economy, but quite the opposite: By systematic intervention by government in the market process. Government intervention brings about bank expansion and inflation, and, when the inflation comes to an end, the subsequent depression-adjustment comes into play. —Murray Rothbard
The housing market is on fire, we have price increases that dwarf any previous records during the housing bubble that popped in 2008. —Peter Schiff, July 29, 2021
I was really blown away when I learned that the Federal Reserve was private and that the government had no kind of oversight over it. That’s what led me to learn about FDR’s confiscation of gold and Nixon taking us off the Gold Standard and it was really mind blowing.
—Vince Vaughn (Tom Woods Show Ep. 1470)
When a gang member steals, it is called theft. When the mafia calls a hit, it is called murder. When a politician orders the same, it is called “Public Policy” —Jack Lloyd
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power. —Peter Schiff
Among the most urgent political priorities of our age is the separation of economy and state. —Lew Rockwell
The first job of an economist is to tell governments what they cannot do. —Ludwig von Mises