Best quotes by Murray Rothbard on Depression
Checkout quotes by Murray Rothbard on Depression
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‟ Reagonomics - a blend of monetarism and fiscal Keynesianism swathed in classical liberal and supply-side rhetoric - is in no way going to solve the problem of inflationary depression or of the business cycle.
- Murray Rothbard
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‟ Declines in specific industries can never ignite a general depression. Shifts in data will cause increases in activity in one field, declines in another.
- Murray Rothbard
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‟ Hoover had prevented 'an immediate attack upon wages as a basis of maintaining profits,' but the result of wiping out profits and maintaining artificial wage rates was chronic, unprecedented depression.
- Murray Rothbard
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‟ If government wishes to see a depression ended as quickly as possible and the economy returned to normal prosperity, what course should it adopt? The first and clearest injunction is: Don't interfere with the market's adjustment process.
- Murray Rothbard
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‟ The proper governmental policy in a depression is strict laissez-faire, including stringent budget slashing, and coupled perhaps with positive encouragement for credit contraction.
- Murray Rothbard
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‟ In his second Inaugural Address, on March 5, 1821, Monroe admitted at last to a general depression of prices, but only as a means of explaining the great decline in the federal revenue. Despite this, he asserted that the situation of America presented a 'gratifying spectacle.'
- Murray Rothbard