What Has Government Done To Our Money?
By Murray Rothbard
Category
EconomicsRecommended by
"What Has Government Done To Our Money?" by Murray Rothbard is a succinct and illuminating exploration of the harmful effects of government intervention on our monetary system. With unmatched clarity, Rothbard delves into the origins of money, outlining how it arises naturally as a medium for exchange, and how governments have historically distorted and manipulated this vital tool.
Rothbard exposes the damaging consequences of government's control over money, emphasizing the insidiousness of inflation and its erosion of purchasing power. He highlights how governments have abandoned the gold standard, substituting it with fiat currency, allowing for unprecedented manipulation and debasement.
Further, Rothbard exposes the fraudulent nature of central banking, emphasizing its inherent instability and propensity for privileging certain groups at the expense of others. He illustrates how the fractional reserve banking system enables banks to create money ex nihilo, leading to boom and bust cycles that harm the overall economy.
Rothbard devotes considerable attention to the role of government in perpetuating financial crises, demonstrating how its interventions exacerbate rather than mitigate economic problems. He presents a convincing case for a free market in money, advocating for the complete separation of money and state. Drawing on historical examples, he outlines how private production and competition in money issuance could restore stability and trust in our monetary system.
In this concise yet powerful work, Murray Rothbard forces readers to question the role and impact of government on money, offering a compelling argument for its removal from the equation. "What Has Government Done To Our Money?" is essential reading for anyone seeking a deeper understanding of the flaws and dangers inherent in our current monetary system and the benefits that could be achieved through its reform.
Rothbard exposes the damaging consequences of government's control over money, emphasizing the insidiousness of inflation and its erosion of purchasing power. He highlights how governments have abandoned the gold standard, substituting it with fiat currency, allowing for unprecedented manipulation and debasement.
Further, Rothbard exposes the fraudulent nature of central banking, emphasizing its inherent instability and propensity for privileging certain groups at the expense of others. He illustrates how the fractional reserve banking system enables banks to create money ex nihilo, leading to boom and bust cycles that harm the overall economy.
Rothbard devotes considerable attention to the role of government in perpetuating financial crises, demonstrating how its interventions exacerbate rather than mitigate economic problems. He presents a convincing case for a free market in money, advocating for the complete separation of money and state. Drawing on historical examples, he outlines how private production and competition in money issuance could restore stability and trust in our monetary system.
In this concise yet powerful work, Murray Rothbard forces readers to question the role and impact of government on money, offering a compelling argument for its removal from the equation. "What Has Government Done To Our Money?" is essential reading for anyone seeking a deeper understanding of the flaws and dangers inherent in our current monetary system and the benefits that could be achieved through its reform.
Share This Book 📚
More Books in Economics

Principles for Dealing With The Changing World Order
Ray Dalio

The Rational Optimist
Matt Ridley

The Bitcoin Standard
Saifedean Ammous

Economics in One Lesson
Henry Hazlitt

The Ascent of Money
Niall Ferguson

Enlightenment Now
Steven Pinker

The Rise of the Rest
Steve Case

The Road to Serfdom
F.A. Hayek

The Wealth of Nations
Adam Smith

Capital In The 21st Century
Thomas Piketty

Check Your Financial Privilege
Alex Gladstein

Dealing with China
Henry Paulson

Debt
David Graeber

Human Action
Ludwig Von Mises

The Future of Capitalism
Paul Collier

The Prize
Daniel Yergin

The Wealth and Poverty of Nations
David Landes

Thinking In Systems
Donella H. Meadows

Trade Is Not A Four Letter Word
Fred Hochberg

Why Nations Fail
Daron Acemoglu

A Great Leap Forward?
John Mauldin & Worth Wray

A Guide To Econometrics
Peter E. Kennedy

Adaptive Markets
Andrew Lo

Age Of Ambition
Evan Osnos

An Apology for the Builder
Nicholas Barbon

Broken Money
Lyn Alden

Bureaucracy
Ludwig Von Mises

Capitalism Without Capital
Jonathan Haskel & Stian Westlake

Central Banking 101
Joseph Wang

Complexity and the Economy
W. Brian Arthur
Popular Books Recommended by Great Minds 📚

1984
George Orwell

7 Powers
Hamilton Helmer

The Checklist Manifesto
Atul Gawande

American Kingpin
Nick Bilton

Rework
Jason Fried

Behave
Robert Sapolsky

Creativity, Inc.
Ed Catmull

The Moment of Lift
Melinda Gates

The Ascent of Money
Niall Ferguson

The True Believer
Eric Hoffer

Dune
Frank Herbert

Atlas Shrugged
Ayn Rand

Who We Are and How We Got Here
David Reich

Red Notice
Bill Browder

Sapiens
Yuval Noah Harari

The Sovereign Individual
James Dale Davidson & William Rees-Mogg

The Coddling of the American Mind
Greg Lukianoff & Jonathan Haidt

Hopping Over The Rabbit Hole
Anthony Scaramucci

Measure What Matters
John Doerr

The Undoing Project
Michael Lewis

Skin In The Game
Nassim Taleb

Originals
Adam Grant

Extreme Ownership
Jocko Willink

The Hitchhikers Guide to the Galaxy
Douglas Adams

Blitzscaling
Reid Hoffman

The Internet of Money Volume 1
Andreas Antonopolous

When Genius Failed
Roger Lowenstein

The Intelligent Investor
Benjamin Graham

Poor Charlie's Almanack
Charlie Munger

Shoe Dog
Phil Knight