U.S. Economy

Thomas E.

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In honor of the late Murray N. Rothbard, S.J. Hall Distinguished Professor of Economics, University of Nevada, Las Vegas.

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Only the Austrian perspective on economics can provide a credible accounting for what has happening to the monetary system, the banking system, the housing market, and the entire financial sector.

From Ancient Rome through modern-day America, money inflation has been the means by which the state extracts wealth without recourse to taxation.