❰BOOKS❯ ✯ What Has Government Done to Our Money? Author Murray N. Rothbard – Saudionline.co.uk

10 thoughts on “What Has Government Done to Our Money?

  1. says:

    This book, along with The Mystery of Banking make for fantastic introductions into the system of economic theory known as the Austrian School.Austrian School economics is the foundation for economic theory among most libertarians If you ve come to regard economics as boring, you re missing out Austrian School theory is intuitive, commonsensical, and empowering It s the only fully integrated theory of economics which can simply and reliably explain and predict the ups and downs of the business cycle, without resorting to dubious claims from psychology and bastardizations of group dynamics Other theories, like the Keynesian School, must use intensely complicated and ultimately fallacious concepts to explain common economic phenomena, making for a disinterested public, and an over reliance on so called experts to interpret conditions It s no surprise then, that Keynesian School theory is the choice of most modern educational institutions, and the orthodoxy of public policy schools It s inscrutability and need for expert interpretation lends itself to use by the state as a lever of control.This book and Banking , mentioned above, both by renown libertarian scholar Murray Rothbard, give an easy, ground up primer on the monetary aspect of Austrian School theory No prior experience is required You ll likely find yourself getting it almost from the first page And if you ve never been in contact with this way of economic thinking before, get ready for a shock It ll cause you to question why the mainstream doesn t ever seem to want to look at things this way.You ll discover here why the gold standard was natural, a great idea, why we and all modern nations left it, and how it s not the anachronistic boogey man mainstream media and economists would like you to think it is.

  2. says:

    Excellent introduction to money and gold dollar.

  3. says:

    I learned or rather rediscovered my passion for economics by reading Dr.Rothbard s book His effort here is a very short, concise, surprisingly easy one to read Rothbard suggests that it is government meddling and its monopolistic strangehold on the creation of money that is responsible for boom bust business cycles He expounds on this sentiment in his narrative regarding the perfect storm of several interdependent events which drive the destructive hyperinflation of our currency The dissolution of the gold standard, fractional reserve banking and the usurpation of the countries treasury by a handful of wealthy private bankers Rothbard asserts as the reason for such a disparity in arms.

  4. says:

    Confused about how the Federal Reserve works, or why we need it Can t figure out what causes inflation Does the whole financial crisis have you baffled This is a great place to start working through the muck If you don t read anything else, read the section on money warehouses, though the whole book is worth a read.

  5. says:

    Why do we consider that money, alone among all commodities, needs to be carefully regulated and controlled by a central government and cannot be left in the invisible hands of the free market What really is money, how it came to be and what is its price Can its creation and regulation be entrusted to the free market How did currencies such as the pound and the dollar cease to mean a certain weight of gold and become the fiat moneys they are today Those are just a few of the questions answered in this book It is both engaging and extremely informative It filled many of the gaps in my appalingly meagre financial education Highly recommend, even if you don t agree with the author s libertalian views.

  6. says:

    6 Oct 2019 I have read this book at least a couple times over the last 40 years.Excellent little book.It really clearly explains the concept of money and how the Fed Federal Reserve Board controls it in the US.Rothbard has a funky notion about 100% reserve requirement and I believe gets that aspect quite wrong This is not really a minor problem with this book, but the rest is so good that I still give it 4 stars.But I urge the thoughtful reader to move on to Mises, in particular the pertinent sections of Human Action, to get the full and complete story.There are other critiques of Rothbard, and I will add them as I get that info.

  7. says:

    many people believe we can go back to the gold standard and that it would cause monetary and economic stability which not possible today this book provides excellent knowledge on money and the revolution of moneyits a good read i d recommend it to whoever is calling to go back to the gold standard,specifically the last two chapters, and what he said about world war I is an explanation on why it is impossible to go back to a gold standard today NOTE read the last edition because since the first edition many content changed.

  8. says:

    Governments change, but policies rarely seem to.After all, when the creation of false dilemmas is deemed an occupational necessity, their perpetuation becomes an unspoken imperative So, regardless of the degree of fiscal conservatism practiced, and monetary policy tightening encouraged all governments tend to be inherently inflationary.This assertion itself is not greatly disputed, and Rothbard demonstrates why this is so in the first part of the book What Has Government Done to Our Money is a cogent account of the evolution of money to facilitate trade, and of its subsequent appropriation by the states and their agencies, the central banks, that eventually led to the de linking to the gold standard which kept the overall supply of money in check.How this in turn has fostered the now familiar economic boom bust cycles is also well argued and economists from the Austrian school can feel vindicated for having predicted the current state of affairs on this basis.The second part of the book, The Case for the 100 Percent Gold Dollar , is not as persuasive, even if it does possess theoretical merit For one, on the monetary side, fractional reserve banking is so well entrenched that to even contemplate that consumers would pay warehousing fees for the safe keeping of their money, rather than receive an interest income, is rather difficult not is it clear that governments can effectively provide the desired supply of public goods without being at least somewhat inflationary.

  9. says:

    Murray Rothbard was a great writer, and these two essays are no exception Though the essays are at times repetitive, his arguments are clearly defined, comprehensively argued and in his typical style adorned with various amusing and interesting anecdotes and examples.Even decades after being first published these essays will still be of interest to those who want a different perspective on banking from the one found in the average newspaper After reading the essays, it d be hard to think that, as is often assured, all is well in the world of finance.Rothbard concludes his essay The Case for the 100 Percent Gold Dollar with the following statement, aimed at those who would argue that the ideas he advocates are out of touch with the modern world, or even dangerous There is no gainsaying the fact that this suggested program will strike most people as impossibly radical and unrealistic any suggestion for changing the status quo, no matter how slight, can always be considered by someone as too radical, so that the only thoroughgoing escape from the charge of impracticality is never to advocate any change whatever in existing conditions But to take this approach is to abandon human reason, and to drift in animal or plant like manner with the tide of events.

  10. says:

    Dr Rothbard left us in 1995, and wrote the first edition of What Has Government Done to our Money in 1964, but he is still the clearest voice on economic policy today than David Stockman In 2014, Jim Grant of Grant s Interest Rate Observer may be the only financial journalist that comes close to the pristine prose of Murray Rothbard I originally read this book four years ago, and it is just as clear this time around I wish I had his clarity.This fourth edition, like his previous editions, de bamboozles the public s understanding of central banking and banking on the free market Interestingly, with each passing addition some monetary period came and went In 1964, The United States had yet to de link the U.S dollar from gold completely But by this last edition, which is still pre European Union and pre Euro, the dollar had become a completely fiat currency He also talked about our current state of fluctuating fiat currencies, which the author believes, like every other monetary fix, will not last and, if central banks attempt to make it last it will only give us inflation in the long run which will be of no benefit to anyone.If you have never read a book on economics or monetary policy, make this your first one.

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What Has Government Done to Our Money? download What Has Government Done to Our Money?, read online What Has Government Done to Our Money?, kindle ebook What Has Government Done to Our Money?, What Has Government Done to Our Money? 37652ffeb598 The Mises Institute Is Pleased To Present This Very Beautiful Hardbound Edition Of Rothbard S Most Famous Monetary Essay The One That Has Influenced Two Generations Of Economists, Investors, And Business Professionals The Mises Institute Has United This Book With Its Natural Complement A Detailed Reform Proposal For APercent Gold Dollar The Case For APercent Gold Dollar Was Written A Decade Before The Last Vestiges Of The Gold Standard Were Abolished His Unique Plan For Making The Dollar Sound Again Still Holds Up Some People Have Said Rothbard Tells Us What Is Wrong With Money But Not What To Do About It Well, By Adding This Essay, The Problem And The Answer Are United In A Comprehensive Whole After Presenting The Basics Of Money And Banking Theory, He Traces The Decline Of The Dollar From The Th Century To The Present, And Provides Lucid Critiques Of Central Banking, New Deal Monetary Policy, Nixonian Fiat Money, And Fixed Exchange Rates He Also Provides A Blueprint For A Return To APercent Reserve Gold Standard The Book Made Huge Theoretical Advances He Was The First To Prove That The Government, And Only The Government, Can Destroy Money On A Mass Scale, And He Showed Exactly How They Go About This Dirty Deed But Just As Importantly, It Is Beautifully Written He Tells A Thrilling Story Because He Loves The Subject So Much The Passion That Murray Feels For The Topic Comes Through In The Prose And Transfers To The Reader Readers Become Excited About The Subject, And Tell Others Students Tell Professors Some, Like The Great Ron Paul Of Texas, Have Even Run For Political Office After Having Read It Rothbard Shows Precisely How Banks Create Money Out Of Thin Air And How The Central Bank, Backed By Government Power, Allows Them To Get Away With It He Shows How Exchange Rates And Interest Rates Would Work In A True Free Market When It Comes To Describing The End Of The Gold Standard, He Is Not Content To Describe The Big Trends He Names Names And Ferrets Out All The Interest Groups Involved Since Rothbard S Death, Scholars Have Worked To Assess His Legacy, And Many Of Them Agree That This Little Book Is One Of His Most Important Though It Has Sometimes Been Inauspiciously Packaged And Is Surprisingly Short, Its Argument Took Huge Strides Toward Explaining That It Is Impossible To Understand Public Affairs In Our Time Without Understanding Money And Its Destruction