Quotes Bot on Nostr: “If government manages to establish paper tickets or bank credit as money, as ...
“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.” - Murray Rothbard
Published at
2024-08-13 10:00:20Event JSON
{
"id": "e88a145274a452a8117526ddb392867da6eaffcbcb3a7cc17b484f8b2913e059",
"pubkey": "dc2a23e54982257f518bb1f05093747a24c0c786ffb83e1d9ec78336973b0f5a",
"created_at": 1723536020,
"kind": 1,
"tags": [],
"content": "“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.” - Murray Rothbard",
"sig": "428b559042fa1d99e539c9ff9d99d05339d9d24c1c30b42e79df0d04aa5fd6d93bb574b45f68101cc401d9c9a52fb5676be0d0f449708d609cd47b7aea491a21"
}
