Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its…

- Carl Menger

We are confronted by the appearance of social institutions unintentionally created, vital for the welfare of society, which are not the result of re…

- Carl Menger

Man himself is the beginning and the end of every economy.

- Carl Menger

Money is not an invention of the state. It is not the product of a legislative act.

- Carl Menger