PDF Download , by Murray N. Rothbard

PDF Download , by Murray N. Rothbard

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, by Murray N. Rothbard

, by Murray N. Rothbard


, by Murray N. Rothbard


PDF Download , by Murray N. Rothbard

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, by Murray N. Rothbard

Product details

File Size: 246 KB

Print Length: 119 pages

Publisher: Signalman Publishing (May 5, 2009)

Publication Date: May 5, 2009

Sold by: Amazon Digital Services LLC

Language: English

ASIN: B0028RXSI4

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Murray Rothbard is in favor of gold backed currency. This is one of his books where he advocates in favor of this. In another one of his books his emphasis is about how the banks love being able to inflate. In this book, he starts off and emphasizes what a gold backed currency would mean. He explains that in an advanced society you need a medium of exchange. Without a medium of exchange, a banana grower would trade their bananas for private tuition for their child. If the teacher didn't need so many bananas they would trade those bananas for something before they rotted. In the end, a medium of exchange would be something durable and valuable.Over and over civilizations would pick gold or silver or something else that had value and was durable. Murray goes further by explaining that the value of your money, is by how much gold or silver it represents. A dollar used to be an ounce of silver, a pound used to be a pound of silver. From there he does explain that while gold or silver may be in your best interest, its not necessarily in the government's best interests. So in essence the government likes a fiat based currency as this allows it to spend, spend, spend. So what has the government done with your money? Inflated it and reduced its value.From there he makes a few further points.

I was introduced to this via a FB post by Mike Rowe who referenced a quote by Rand Paul who advised reading this and a few others to get a better understanding of how our monetary system works. I wanted this because I had never completed an economics course in either HS or college. This gave me good and a little bit scary of how money works and how it evolved from units of weight measurements for gold or silver to pieces of paper. I also recommend checking out "Economics in One Lesson" which is a solid primer on economics and the opportunity cost of special interests regardless of how moral the special interest sounds. For an amazing overview of economics, I recommend Crash Course Economics on YouTube. This book goes well with any of these and is written from a libertarian perspective. If you want to make/earn your own money, this book may frustrate you with how government intrusion has affected your dreams.

Paperback. It is a short book, made even shorter by the really large print, which at my age is really good. However it took longer to read than I expected. Everything having to do with economics is complex where it isn't complicated and convoluted. What I had thought was the obvious simple answer turned out to have unseen problems attached.The last section of the book, for example, shows not just how the USA, but all the worlds governments seem to have gone step by step to take the exact choice on how to make things worse in the name of improving things. How governments would rather destroy their own economies than to go back to things that worked. We must go forward, eww! not backwards! Ye-uk! How can you get ahead by going back to the fork in the road where you made a wrong turn and make the other choice instead of continuing going the wrong way? You can only make progress by blindly going on in every other direction and never going back to what worked in the first place, we need progress, not turning back to old things that worked!

Clearly written, easy to understand, and very hard to argue against-- this is the book by the master, written at a level that anyone can understand. It's an important discussion that is getting more important by the day as economic policy threatens to bring down world financial systems.

It has ruined it. That's the simple answer to the question proposed on the cover. The book goes into nice detail explaining how government has manipulated our currency. It could be more thorough of course but the book really isn't that long. this author has many many more books that go into great detail

Rothbard traces the history of money (gold) as a means of exchange all the way to the development of fiat money printed by central bankers. Rothbard demonstrates the dangerous nexus of government, corporatist rent-seeking, and central banking. In this process, Rothbard illustrates the methodical destruction of the gold reserve and the apearance fiat money and inflation directed by the U.S. government and the central bank. The end result is that central banks grow richer from the creation of money while enabling the unchecked growth of the welfare and warfare state at the expense of the free market and the individual liberty of the U.S. citizens.It is not a long book and it is accessible to the average reader. The prose is excellent and Rothbard provides multiple examples and explanations to illustrate his ideas. It is a must read for anytone who really wants to understand what is happneing in the U.S. economy today.

The late Murray Rothbard is the Economics professor par excellence. In this book, he gives a history and an overview of money: how it developed, how it has been used, and how it has been misused. Everybody complains about inflation but nobody knows what it is and what causes it. Rothbard points the finger squarely at the culprit (government) and its henchman (central banking). His cure? A healthy return to the gold standard, where the dollar is actually held accountable. This should be taught in schools under "Money and Banking."

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