The Case Against the Fed

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The Case Against the Fed Audiobook

The Case Against the Fed by Murray N. Rothbard

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. The full text is available online here.

Download the complete audio book (25 MP3 files) in one ZIP file here.

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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.