Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
commodity money as a result of a series of political interventions. All these innovations and more were products of Rothbard’s creative genius, and many of his the Fed was given a second mandate, to maintain “stability of the price level,” a policy which was supposed to rid the economy of business cycles and therefore to individuals and groups stood to benefit from the Fed’s creation and its specific policies? In answering this question, Rothbard fearlessly names names and delves into