Mises Daily
Author:
David Gordon
Online Publish Date:
[ The Case Against the Fed • By Murray N. Rothbard • Ludwig von Mises Institute, 1994 • 158 pages] “If Rothbard is correct, the entire basis of modern deposit banking, the fractional-reserve system, is a type of counterfeiting that must be abolished.” Murray Rothbard begins this outstanding book by calling attention to a paradox. The Federal