What Has Government Done To Our Money?

Murray Rothbard

Recommended By

Book Synopsis

"What Has Government Done To Our Money?" by Murray Rothbard is a succinct and illuminating exploration of the harmful effects of government intervention on our monetary system. With unmatched clarity, Rothbard delves into the origins of money, outlining how it arises naturally as a medium for exchange, and how governments have historically distorted and manipulated this vital tool.

Rothbard exposes the damaging consequences of government's control over money, emphasizing the insidiousness of inflation and its erosion of purchasing power. He highlights how governments have abandoned the gold standard, substituting it with fiat currency, allowing for unprecedented manipulation and debasement.

Further, Rothbard exposes the fraudulent nature of central banking, emphasizing its inherent instability and propensity for privileging certain groups at the expense of others. He illustrates how the fractional reserve banking system enables banks to create money ex nihilo, leading to boom and bust cycles that harm the overall economy.

Rothbard devotes considerable attention to the role of government in perpetuating financial crises, demonstrating how its interventions exacerbate rather than mitigate economic problems. He presents a convincing case for a free market in money, advocating for the complete separation of money and state. Drawing on historical examples, he outlines how private production and competition in money issuance could restore stability and trust in our monetary system.

In this concise yet powerful work, Murray Rothbard forces readers to question the role and impact of government on money, offering a compelling argument for its removal from the equation. "What Has Government Done To Our Money?" is essential reading for anyone seeking a deeper understanding of the flaws and dangers inherent in our current monetary system and the benefits that could be achieved through its reform.

Explore More Books

See All
On Bullshit
Timelines of World History
The Internet of Money Volume 2
String Theory
Structure and Interpretation of Computer Programs
The Principia
Paradigms Of A.I. Programming
The Bully Pulpit
The Beak of the Finch
Draft No. 4
The Almanack of Naval Ravikant
The House of Getty
Rage Becomes Her
Barbarians At The Gate
The Three Body Problem
Storm of Steel
Play Anything
The Starfish and the Spider
When Genius Failed
Nonviolent Communication
Perfectly Reasonable Deviations from the Beaten Track
Restoring Our Republic
Conflicted
Scientific Advertising
Hit Refresh
Trauma
Systems Medicine
Good Calories, Bad Calories
The Best We Could Do
Visual Explanations
Complexity and the Economy
The Paper Menagerie And Other Stories
Rick and Morty Book Two
When Prophecy Fails
The Salmon of Doubt
Statistical Models
Indistractable
The Death and Life of Great American Cities
Bobby Kennedy
Originals
Exit Interview
On Wings of Eagles
Technopoly
Social Cognition
National Economic Planning
Trade Is Not A Four Letter Word
Pattern Recognition
The DevOps Handbook
Different
The Devil in the White City
The Second Machine Age
The Autobiography of Gucci Mane
Born Standing Up
No Two Alike
Trade-Off
The Wizard of Menlo Park
The Man Without a Face
The Boys in the Boat
The 5 Resets
The Wayfinders
Fast-Track Triathlete
The Story of Civilization: The Age of Reason Begins
All Out War
The Blank Swan
All The Light We Cannot See
A Sound of Thunder and Other Stories
Simple & Direct
Six Easy Pieces
Stories of Your Life and Others
Trailblazer
The Book of Life
True Enough
A Writer's Time
The Fear Book
Permanent Record
The Fry Chronicles
The Minefield Girl
Surely You're Joking Mr. Feynman
What Do People Do All Day?
Negotiating The Impossible
Blueprint
Leading
Small Is the New Big
The Great Influenza
Plagues and Peoples
Limping on Water
Mandela's Way
Ready Player One
Sunset at Blandings
Cultural Strategy
The Theory of Investment Value
Revolution from Within
State of Fear
Steve Jobs & The NeXT Big Thing
Fortune's Formula
Bad Therapy
Memories, Dreams, Reflections
The Slow Midnight on Cypress Avenue
The Decadent Society
Parfit