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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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Roosevelt's 1933 Gold Theft and Default

Money and Banks


April 5 is the 90th anniversary of Roosevelt's order outlawing private ownership of gold in America. This was part of an even larger plan to revolutionize the American monetary system.

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The Great Paper-Money Experiment

BiographiesBooms and BustsWorld HistoryInterventionism

02/20/2021Mises Daily Articles
By 1715, the manipulation of the currency, the increase in public debt, and the mismanagement of state finances had left France in poverty and chaos. Such was the state of affairs when John Law appeared in Paris.
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America's Money Machine: The Story of the Federal Reserve

The FedU.S. EconomyU.S. History

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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Money and Man

Money and BanksMonetary TheoryMoney and Banking

Elgin Groseclose presents this history of people's experiences with money through the centuries.
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