Quote #86,785
"The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the ..." — Murray Rothbard
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.
check_circle
Copied to clipboard!
Topics
More from Murray Rothbard
View AllThe State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.— Murray Rothbard
topics:
War
The majority is not society, is not everyone. Majority coercion over the minority is still coercion.— Murray Rothbard
topics:
Society