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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
Michael Malice
Dear Reader: The Unauthorized Autobiography of Kim Jong Il
No country is as misunderstood as North Korea, and no modern tyrant has remained more mysterious than the Dear Leader, Kim Jong Il. Now, celebrity ghostwriter Michael Malice pulls back the curtain to expose the life story of the "Incarnation of Love and Morality." Taken directly from books spirited out of Pyongyang, DEAR READER is a carefully reconstructed first-person account of the man behind the mythology.
Read moreFrom his miraculous rainbow-filled birth during the fiery conflict of World War II, Kim Jong Il watched as his beloved Korea finally earned its freedom from the cursed Japanese. Mere years later, the wicked US imperialists took their chance at conquering the liberated nation—with devastating results. But that's only the beginning of the Dear Leader's story.
Stefan Molyneux
Everyday Anarchy: The Freedom of Now
The word “anarchy” evokes images of dangerous mobs, spiky-haired youths hurling garbage cans through Starbucks windows, and the chaos of the war of all against all.
However, the word “anarchy” simply means “without rulers” - and this state of affairs is something we desperately desire and defend in so many areas of our own lives. If a political ruler were to tell us who to marry, what to learn, and which job to take, we would rebel against such tyrannical intrusions on our freedoms. If the government were to tell us what to read, want to watch and what to listen to, we would justifiably cry “censorship” and lead the charge against such mind control.
How can we reconcile this contradiction? Is being “without rulers” good, or bad? How can we fear something so terribly, while at the same time treasuring it so mightily?
“Everyday Anarchy” addresses this challenge head-on, arguing that being free of rulers is not something to fear - personally or politically - but rather a goal that we must constantly strive
Read moreHowever, the word “anarchy” simply means “without rulers” - and this state of affairs is something we desperately desire and defend in so many areas of our own lives. If a political ruler were to tell us who to marry, what to learn, and which job to take, we would rebel against such tyrannical intrusions on our freedoms. If the government were to tell us what to read, want to watch and what to listen to, we would justifiably cry “censorship” and lead the charge against such mind control.
How can we reconcile this contradiction? Is being “without rulers” good, or bad? How can we fear something so terribly, while at the same time treasuring it so mightily?
“Everyday Anarchy” addresses this challenge head-on, arguing that being free of rulers is not something to fear - personally or politically - but rather a goal that we must constantly strive
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