The Federal Reserve as a Cartelization Device

12/20/2008 Articles of Interest Murray N. Rothbard

Downloads

The Federal Reserve as a Cartelization Device_2.pdf

Murray Rothbard The Federal Reserve as a Cartelization Device

References

Chapter from Money in Crisis, edited by Barry Siegel (Pacific Institute, 1984), pp. 89-136.

Subscribe to Articles of Interest

Latest Articles

The Wheels of Government Cheese

09/30/2025 Mises Wire Ludovico Lumicisi

By trying to protect dairy farmers and raise their incomes, the government created a massive cheese surplus, then gave it away, thus harming the farmers they were trying to support.

How the Fourteenth Amendment Empowers Judicial Activism

09/30/2025 Mises Wire Wanjiru Njoya

Created to assure that newly-freed slaves would receive equal legal protection, the Fourteenth Amendment has come to dominate federal jurisprudence. This is not a good thing.

Newly Discovered Letters Reveal More on Rothbard’s Friendship with Frank Meyer

09/29/2025 Mises Wire Daniel J. Flynn

Rothbard wondered whether conservatives wished to conserve the status quo, adhere to the outlook of European rightists of the previous century, or perhaps merely favor gradual to sudden change.

Inflation and Economic Growth

09/29/2025 Mises Wire Frank Shostak

According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic growth was accompanied by deflation.

Ludwig von Mises at 144: Praxeology and the Cornerstone of Austrian Economics

09/29/2025 Mises Wire Alan Mosley

Ludwig von Mises was born 144 years ago today. His economic masterpieces are as relevant and powerful today as when they were written. Mises still is the most eloquent voice against socialism.

Meet the Writer

Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined...

Introduction to Natural Law

09/08/2025 Mises Daily Murray N. Rothbard

The natural law is, in essence, a profoundly “radical” ethic, for it holds the existing status quo, which might grossly violate natural law, up to the unsparing and unyielding light of reason.

Murray Rothbard on Flag Burning

08/26/2025 Notes in the Margin Murray N. Rothbard

President Trump’s recent executive order forbidding burning the U.S. flag is in direct opposition to the property rights issue that Murray Rothbard took on the same subject.

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.

Become a Member