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Book
What Has Government Done To Our Money
When this gem first appeared in 1963, it took the form of a small paperback designed for mass distribution. We've conjured up that spirit again with this special edition of Rothbard's primer on money and government. Innumerable economists, investors, commentators, and authors have learned from this book through the decades. After fifty years, it remains the best book in print on the topic, a real manifesto of sound money. Rothbard boils down the Austrian theory to its essentials. The book also made huge theoretical advances. Rothbard was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much. The passion that Murray feels for the topic comes through in the prose and transfers to the reader. Readers become excited about the subject, and tell others. Students tell professors. Some, like the great Ron Paul of Texas, have even run for political office after having read it. Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it comes to describing the end of the gold standard, he is not content to describe the big trends. He names names and ferrets out all the interest groups involved. Since Rothbard's death, scholars have worked to assess his legacy, and many of them agree that this little book is one of his most important. Though it has sometimes been inauspiciously packaged and is surprisingly short, its argument took huge strides toward explaining that it is impossible to understand public affairs in our time without understanding money and its destruction.
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Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.
suggested
Scott Horton
Hotter Than The Sun: Time To Abolish Nuclear Weapons
This book contains interviews conducted over more than a decade with experts of all descriptions — including Daniel Ellsberg, Seymour Hersh, Gar Alperovitz, Hans Kristensen, Gordon Prather, Joe Cirincione and more — about the threat of nuclear war between major and minor powers, the nuclear arms-industrial complex, the nuclear programs and weapons of the so-called “rogue states” of Iraq, Iran, Syria, Israel and North Korea, the bitter truths and eternal lessons of America’s nuclear bombing of Japan in World War II and the dedicated activists working to abolish the bomb for all time.
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Bob Murphy
Chaos Theory
Among the most advanced topics in the literature in the Austro-libertarian milieu is that which deals with the workings of the fully free society, that is, the society with no state, or anarcho-capitalism. Robert Murphy deals with this head on, and makes the first full contribution to this literature in the new century. Working within a Rothbardian framework, he takes up the challenge of Hans Hoppe regarding the role of market insurance in property security to extend the analysis to the security of person. His applications are part empirical and part speculative, but unfailingly provocative, rigorous, and thoughtful. The title itself refers to the supposed chaos that results from eliminating the state but Murphy shows that out of chaos grows an ordered liberty. Anyone interested in exploring the farthest reaches of anarchist theory must come to terms with Murphy's account. This volume contains:Foreword Introduction (Jeremy Sapienza) I. Private Law II. Private Defens
Murray Rothbard
For A New Liberty: The Libertarian Manifesto
A classic that for over two decades has been hailed as the best general work on libertarianism available. Rothbard begins with a quick overview of its historical roots, and then goes on to define libertarianism as resting "upon one single axiom: that no man or group of men shall aggress upon the person or property of anyone else." He writes a withering critique of the chief violator of liberty: the State. Rothbard then provides penetrating libertarian solutions for many of today's most pressing problems, including poverty, war, threats to civil liberties, the education crisis, and more.
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