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"When people encounter the free market and they recoil or react negatively to it, they're merely confessing that voluntaryism, trade and negotiation are foreign and threatening to them, which tells you everything about how tragically they were raised."
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"When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"They did not suffer shipwreck because the entrepreneurs were not public-spirited, as the socialist-etatistic legend has it. They were bound to fail because the economic organization based upon division of labour and private property in the means of production can function only so long as price-determination in the market is free."
"The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed."
"It has been proposed that monetary liabilities should be settled in terms of gold and not according to their nominal amount. If this proposal were adopted, for each mark that had been borrowed that sum would have to be repaid that could at the time of repayment buy the same weight of gold as one mark could at the time when the debt contract was entered into. The fact that such proposals are now put forward and meet with approval shows that etatism has already lost its hold on the monetary system and that inflationary policies are inevitably approaching their end. Even only a few years ago, such a proposal would either have been ridiculed or else branded as high treason."
"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
"The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property."
"It is the consumers who make poor people rich and rich people poor."
"If you despise increase, you are a strange personality in the society."
Explore more quotes by Stefan Molyneux
"Almost all heroism is designed to make you inert by placing it in a context that you can't possibly act on."
"What we do not confront, we inhabit.What we do not reject, we accept.What we do not fight, we become."
"Dr. Peter Boghossian's A Manual for Creating Atheists is a precise, passionate, compassionate and brilliantly reasoned work that will illuminate any and all minds capable of openness and curiosity. This is not a bedtime story to help you fall asleep, but a wakeup call that has the best chance of bringing your rational mind back to life.(Review of Dr. Peter Boghossian's book, 'A Manual for Creating Atheists')"
"It is really exhausting to live in a dictatorship of 'Me', which is basically a tyranny of others."
“When people have invested their identities into clichés, the only counter-argument they have is ‘being offended.’”
"If there's more that you can do, then do it. If there's not more that you can do, then be content with what you're doing. But if there is despair, the despair can only be that you can do more. Because when you're doing as much as you can do, you will not feel despair. Because despair is the gap between what you could be doing and what you are doing."
"Record what you can, pursue your passions, connect with the world, fight the good fight, defy evil, shine incandescently as best you can. And it doesn't matter what field it's in but, it does matter that we leave something that accumulates over time."
"A philosopher is someone who promotes moral excellence, argues for moral excellence, and gets other people to behave morally and excellently based on those arguments."
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