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.
Bob sits down with Dr. Jonathan Newman to discuss his Mises Academy course for homeschooling families based on Lessons for the Young Economist, using it as a starting point to walk through the full Austrian case against socialism.
The engineer and the gambler both face uncertainty, but only one can control the forces involved. Jonathan Newman explores the gap between plan and outcome that drives all economic life.
Ryan McMaken, Jonathan Newman, and Joshua Mawhorter of the Mises Institute take a look at the politics of "fedspeak" and what officials at the Federal Reserve really mean when they say they're going to fix the Fed.
