The Magic Coin tells the story of a girl who goes on a time-traveling adventure through the history of money and banking. The book makes it easy and fun for children to learn the most important concepts in Murray Rothbard’s What Has Government Done to Our Money?
Dr. Ron Paul, former Texas Congressman and chairman of the Ron Paul Institute for Peace and Prosperity:
“The Magic Coin takes up the most important task of all: teaching children about money and how the government tries to destroy its value. I encourage all parents to pick up a copy and read it to their children. They’ll thank you later!”
Dr. Joseph T. Salerno, academic vice president of the Mises Institute:
“This slim book engagingly written in plain language is a magnificent achievement. Dr. Newman encapsulates the basic lessons of money and of how it is deformed by government and central banking in a magical story that will charm and enlighten young readers.”
Dr. Jonathan Newman is a Fellow at the Mises Institute. He earned his PhD at Auburn University while a Research Fellow at the Mises Institute. He was the recipient of the 2021 Gary G. Schlarbaum Award to a Promising Young Scholar for Excellence in Research and Teaching. Previously, he was Associate Professor of Economics and Finance at Bryan College. He has published in the Quarterly Journal of Austrian Economics and in volumes edited by Matthew McCaffrey and Per Bylund. His research focuses on Austrian economics, inflation and business cycles, and the history of economic thought. He has taught courses on Macroeconomics and Quantitative Economics: Uses and Limitations in the Mises Graduate School. He is the author of three children’s books: The Broken Window, Ludwig the Builder, and The Magic Coin. His commentary appears regularly in the Mises Wire and Power & Market.
The Policy and History faculty panel takes student questions on the state of the movement and the prospects for freedom.
Build a model no real market could ever match, call it the ideal, then diagnose every real market as a failure for falling short. Jonathan Newman on the equilibrium trap Mises warned against.
"Their red ink is your black ink." Jonathan Newman on what MMT leaves out; namely, how the government actually makes the payment.
