The Case Against the Fed

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The Case Against the Fed

  • The Case Against the Fed by Murray N. Rothbard
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Tags The FedMoney and Banks

12/08/2015Murray N. Rothbard

Rothbard provides a succinct account of the origins of money, showing how money must originate from a commodity. Banking originated from goldsmiths, who issued warehouse receipts for gold deposited with them. From this a fractional reserve system developed, inherently prone to monetary expansion and panic. Read by Dr. Floy Lilley.

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Author:

Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.

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