Declines in specific industries can never ignite a general depression. Shifts in data will cause increases in activity in one field, declines in another.

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• Murray Rothbard:

  The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit

• Murray Rothbard:

  If government wishes to see a depression ended as quickly as possible and the economy returned to n

• Murray Rothbard:

  The proper governmental policy in a depression is strict laissez-faire, including stringent budget

• Murray Rothbard:

  Savings and investment are indissolubly linked. It is impossible to encourage one and discourage th

• Murray Rothbard:

  The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among wo

• Murray Rothbard:

  While other individuals or institutions obtain their income by production of goods and services and

• Murray Rothbard:

  The State provides a legal, orderly, systematic channel for the predation of private property; it r

• Murray Rothbard:

  In order to continue in office, any government (not simply a 'democratic' government) must have the

• Murray Rothbard:

  The majority must be persuaded by ideology that their government is good, wise and, at least, inevi

• Murray Rothbard:

  Many and subtle are the ideological weapons that the State has wielded through the centuries. Once