What Has Government Done to Our Money? [Chapter 2]

After presenting the basics of money and banking theory, Murray Rothbard traces the decline of the dollar from the 18th 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 a 100 percent reserve gold standard.

NOTE: Because of time constraints, this particular excerpt from Chapter 2 does not contain Sections 12 and 13.

The entire audiobook (5 chapters, with a Preface by Jörg Guido Hülsmann) is available for free download in MP3 format at http://www.mises.org/media.aspx?action=category&ID=92.

You may also download a free PDF version of the book from http://www.mises.org/money.asp.

The book is available for purchase at http://www.mises.org/store/-P224C1.aspx.

Category:

News & Politics

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• State
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• Money
• Gold
• Murray
• Rothbard
• Ludwig
• von
• Mises
• Freedom
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• Currency
• history
• banking
• inflation

[nibelungensohn]

Keynes sucks.

Rothbard rules.

[marxbitesall]

Murray Rothbard is the epitome of liberty defending Americanism, the MOST unsung hero of freedom in all history.

The smug lying establishment has shunned and ignored Murray his whole life, much like Elia Kazan, director of Streetcar Named Desire & On the Waterfront, who Hollywood shunned for naming commie names.

Murray names totalitarians in history and criminals in Govt beaucoup.

See his "Wall Street, Banks & American Foreign Policy" for the well researched behind the curtain truths.

[TombaFanatic]

Money isn't about being peaceful, it's about being efficient and prosperous. Animals aren't peaceful, they kill, mame, infect, and eat each other all the time. Often they will starve to death because they can't find food. I'm not saying mankind would revert to that without money, but to say we'll be peaceful is stupid. We've found reasons to kill each other sense the dawn of time.

[THUBRICH]

the world would be much more peacefull without money, just look at animals they dont have a government or money and they live just fine. money is just paper that makes a person due something because their being payed that money, if that person was not going to be payed that money theres a 50-70% chance he/she would do that job, the world just sickens me.

[August1977]

Prices are relative to demand and competition

[buzzclick500]

Government has done to our money what WE have allowed it to do. Money is to be coined from gold and silver. That's American national law. Anything different that's happening is OUR fault.

[manoman0]

@JessicaBelle81 - They probably think talking about saving money is as good as saving it. =D

[buzzclick500]

It's funny that I never really complained much about the quality of t.v., though some of it was annoying; now I have the Internet for a small fee--anything I want to watch at any time, perfectly clear screen, a broad spectrum of information, anything.

[JETZcorp]

Exactly what I've been thinking. No one seems to realize the power of emergence in the world around us. Not only is it the best way to view economics, but it's been sweeping the engineering world as well, as engineers realize that machines can be "evolved" virtually.

[qcmar]

@JessicaBelle81 no its actually the FED that controls the way our money comes and goes ..the USA nor its government nor people control it... they owned the world ...just search history of money and the way central national banks are created

[NassimHarameinVedas]

@murderface74 . . . It is understandable . . . Sir Murray N. Rothbard clearly doesn't make any mention of ass, bling, or booty at nearly the required minimum of intervals to maintain the lowest common denominators attention.

[andrewclunn]

I am definitely subscribing to this channel. between this and the Dawkins channel, maybe evolution and economics will finally convince people of the power of emergence over design and regulation.