From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II : “The Gold-Exchange Standard in the Interwar Years”. Narrated by Matthew Mezinskis.
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II : “The Gold-Exchange Standard in the Interwar Years”. Narrated by Matthew Mezinskis.
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II : “The Gold-Exchange Standard in the Interwar Years”. Narrated by Matthew Mezinskis.
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II : “The Gold-Exchange Standard in the Interwar Years”. Narrated by Matthew Mezinskis.
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II : “The Gold-Exchange Standard in the Interwar Years”. Narrated by Matthew Mezinskis.
Murray N. Rothbard’s most famous essay on monetary theory. Buffoonish and evil politicians, the banking cartel, the cabal that established the Federal Reserve, Lincoln’s greenbacks, FDR’s stealing of the gold, the Fed and the Great Depression, and so much more. Narrated by Jeff Riggenbach. Includes “The Case for a 100% Gold Dollar” by Murray N.
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
The presidential election of 1896 was a great national referendum on the gold standard. The Democratic Party had been captured, at its 1896 convention, by the Populist, ultra-inflationist, anti-gold forces, headed by William Jennings Bryan. The older Democrats, who had been fiercely devoted to hard money and the gold standard, either stayed home
[”Revolution in Minnesota,” The Libertarian Forum , August 1, 1969.] The idea prevails that to favor gold or silver money is to be a mossback reactionary; nothing could be further from the truth. For gold (as well as silver) is the People’s Money; it is a valuable commodity that has developed, on the free market, as the monetary means of
[Excerpted from An Austrian Perspective on the History of Economic Thought , vol. 1, Economic Thought Before Adam Smith . An MP3 audio file of this article, read by Jeff Riggenbach, is available for download .] Sir Thomas Smith (1513–1577) The honor — if that be the proper term — of being the first English mercantilist writer should have gone, for
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.