Phrase by 'Murray Rothbard'
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Now judicial review, beloved by conservatives, can, of course, fulfill the excellent function of declaring government interventions and tyrannies unconstitutional. But it can also validate and legitimize the government in the eyes of the people by declaring these actions valid and constitutional.
Author: Murray Rothbard - American EconomistPeople , Eyes , Government , Review
The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and government, they will keep money wage rates from falling, they will also accept a fall in real wage rates via higher prices.
Author: Murray Rothbard - American EconomistMoney , Fall , Government , Persistence
Private philanthropy is the direct expression of the great Christian principle of the brotherhood of man and the Golden Rule. Private philanthropy indeed is the only valid expression of these ethical principles; compulsory charity through 'social legislation' is the exact contrary: it is the evil imposition of force by one group on another.
Author: Murray Rothbard - American EconomistMan , Great , Evil , Brotherhood
War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.
Author: Murray Rothbard - American EconomistAmerica , War , American , Financial
While other individuals or institutions obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet.
Author: Murray Rothbard - American EconomistOthers , Use , Production , Peaceful
A robber who justified his theft by saying that he really helped his victims, by his spending giving a boost to retail trade, would find few converts; but when this theory is clothed in Keynesian equations and impressive references to the 'multiplier effect,' it unfortunately carries more conviction.
Author: Murray Rothbard - American EconomistMore , Find , Saying , Giving
What is so terrible about transaction costs? On what basis are they considered the ultimate evil, so that their minimization must override all other considerations of choice, freedom, and justice?
Author: Murray Rothbard - American EconomistFreedom , Justice , Evil , Choice
Nature is simply the environment on earth in which man finds himself, and to treat it as a separate being in the image of man is sheer nonsense.
Author: Murray Rothbard - American EconomistMan , Nature , Environment , Treat
While the seeming independence of the federal judiciary has played a vital part in making its actions virtual Holy Writ for the bulk of the people, it is also and ever true that the judiciary is part and parcel of the government apparatus and appointed by the executive and legislative branches.
Author: Murray Rothbard - American EconomistPeople , True , Government , Independence
Positivism eliminates any kind of natural law principle - for example, that there are economic laws which can be transgressed only at your peril. With positivism, there is a tendency to leap into ad hoc economic theory.
Author: Murray Rothbard - American EconomistYour , Law , Natural , Economic
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