The General Theory was not truly revolutionary at all but merely old and oft-refuted mercantilist and inflationist fallacies dressed up in shiny new garb, replete with newly constructed and largely incomprehensible jargon.

Murray N. Rothbard
Some Similar Quotes
  1. There ain't no such thing as a free lunch. - Pierre Dos Utt

  2. The complexity of our present trouble suggests as never before that we need to change our present concept of education. Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry-subsidized research. It's proper use... - Wendell Berry

  3. If the ordinary wage-earner worked four hours a day, there would be enough for everybody and no unemployment -- assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to... - Bertrand Russell

  4. Most of us try to do too much because we are secretly afraid we will not be able to do anything at all. - Rick Aster

  5. Moments are the elements of profit - Karl Marx

More Quotes By Murray N. Rothbard
  1. It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.

  2. It is clearly absurd to limit the term 'education' to a person's formal schooling.

  3. Moreover, in the system of criminal punishment in the libertarian world, the emphasis would never be, as it is now, on "society's" jailing the criminal; the emphasis would necessarily be on compelling the criminal to make restitution to the victim of his crime. The present...

  4. Whenever someone starts talking about 'fair competition' or indeed, about 'fairness' in general, it is time to keep a sharp eye on your wallet, for it is about to be picked.

  5. Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.

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