Elgin Groseclose

Works Published inMises Daily Article

Elgin Earl Groseclose (1899–1983) was an American economist, a statesman, and the author of America's Money Machine.

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The Great Paper-Money Experiment

BiographiesBooms and BustsWorld HistoryInterventionism

05/19/2010Mises Daily ArticlesElgin Groseclose

"Paper money issued by the company and profusely distributed in competition with bills of the Bank of Scotland had impaired the position of the bank. Conditions were heartbreaking. Manufacturers were no longer exporting their goods, land rents were not being paid, money was leaving the country, and...

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America's Money Machine: The Story of the Federal Reserve

The FedU.S. EconomyU.S. History

05/27/1980BooksElgin Groseclose

Groseclose shows that at no time in its history has the Fed actually achieved what it promised: low inflation, economic stability, stable growth, reliable regulation of the banking system.

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