Murray Rothbard Quotes

There is one policy for recession or depression and another for good times.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

It would probably strike the average politician as absurd to argue that the best way to fix the economy is to stop trying to 'fix it.'

In all modesty, we must admit that governments are not always the best doctors when it comes to diagnosing economic ailments and prescribing the right treatment.

You don't grow the economy by growing government.

In the past, proactive fiscal polices almost always meant just more investment and an increase in the fiscal deficit.

Things swept so badly that I had distrust - after 1967, let's say - of American Keynesianism. For better or worse, U.S. Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian.

While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.

Faced with a deep recession, some say the answer is to expand the role of government.

As anyone who lived through the 1990s knows, nothing shrinks our deficits faster than a growing economy.

We simply can't spend our way out of a recession.

Whatever the economy needs to maintain itself, the government will do it.

In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in 'green' companies. As a consequence, uncertainty over policy - particularly over tax and regulatory policy - slowed the recovery.

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls' office. They think if only you spend and borrow more money you can create growth everywhere.

The only way to eliminate the deficit in the long run is through growth.

Fiscal policy is not just, or even not even principally, the purview of the president.

Reagan proved deficits don't matter.

The Tea Party folks may be sincere, loyal citizens, but their notions about how the economy works are exactly that: mere notions. Their core notion is that government needs to do nothing more than get out of the way of business in order for the economy to boom and bloom.

The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.

The Federal Reserve cannot solve all the economy's problems on its own.

You cannot spend your way out of recession or borrow your way out of debt.

I don't accept as an article of faith that lots of short-term stimulus boosts the economy and gets us back on the long-term trajectory.