TheRealQuotes

"The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the remedy. On the other hand, the remedy proposed for the shortage of money capital was monetary inflation in 1819, encouragement of savings and thrift in the 1930s."

―

Thrift

From

Economist

Added on

About Murray Rothbard

Murray Rothbard was an American economist and political theorist associated with the Austrian School. He wrote extensively on economics, history, and libertarian political philosophy and was a leading modern advocate of anarcho-capitalism.

Born:

Died:

View all quotes from Murray Rothbard

"Such was the code that the world had accepted and such was the key to the code: that it hooked ma..."
"Even if there are moments during the day when all seems normal and when every action of your own ..."
"..each remembered other moments, on a sleepless night, on an afternoon of steady rain, in a churc..."