Arthur Burns, Federal Reserve chairman (1970-1978), delayed Murray Rothbard's doctoral dissertation at Columbia University in the mid-1950s. Rothbard (1969) later observed
The step-by-step analysis in Dinero, Crédito Bancario y Ciclos Económicos, which starts from legal distinctions and then proceeds to discuss related economic issues, has a decidedly Rothbardian twist.
No matter what reform proposal is adopted, the state will attempt to strike back against it to restore to itself the immense benefits it receives from the existing system.
Comparative analysis, however, could reveal some broader principles by which reform proposals may be evaluated. This exercise might prove to be more valuable than arguments over which theoretical perspective
Dinosaur reveals many relevant truths that do not appear in World Bank financial statements and press release while reviewing much of the relevant literature.
Zimbabwe’s economic crisis originates from its struggle for independence in the 1970s. Military adventures and reckless spending led to exploding budget deficits,
Recent events in the US — high unemployment, record federal deficits, and unprecedented financial distress — have raised serious doubts about the future of the dollar.
The practice of fractional-reserve banking is the main factor responsible for the emergence and development of the central bank.
Free banking is a process where the market makes the ultimate judgment on where to draw the line between money as a present good and money as a future good.
The authors argue that a currency board is a creation of the state, aiming at granting particular political favors,and purposefully designed to secure the reappearance of an independent domestic money producer.
