What Has Government Done to Our Money?

A Monetary History of the United States

In this groundbreaking book, Murray N. Rothbard presents a comprehensive history of the United States monetary system, from its origins in the colonial era to the present day. Rothbard argues that government intervention in the monetary system has been a major cause of economic instability and inflation. He traces the history of government monetary policies, such as the creation of the Federal Reserve System, the abandonment of the gold standard, and the implementation of fiat currency, and shows how these policies have led to the current economic crisis.

The Causes of Inflation

Rothbard identifies the root cause of inflation as the government's monopoly on the money supply. When the government creates new money, it devalues the existing money supply, which leads to higher prices. Rothbard also discusses the role of fractional reserve banking in the creation of inflation. He argues that fractional reserve banking allows banks to create new money out of thin air, which further devalues the money supply and leads to higher prices.

The Consequences of Inflation

Inflation has a number of negative consequences for the economy. It reduces the purchasing power of money, making it more difficult for people to buy goods and services. It also discourages saving and investment, as people are less likely to save money when they know that it will lose value over time. Inflation also makes it more difficult for businesses to plan for the future, as they cannot be sure what the value of money will be in the future.

The Solution to Inflation

Rothbard argues that the only way to stop inflation is to end government intervention in the monetary system. He proposes a return to a gold standard, which would limit the government's ability to create new money. Rothbard also argues for the abolition of fractional reserve banking, which would prevent banks from creating new money out of thin air.

Conclusion

What Has Government Done to Our Money? is a must-read for anyone who wants to understand the causes of inflation and the economic crisis. Rothbard's analysis is clear and concise, and his arguments are supported by a wealth of historical evidence. This book is a valuable resource for anyone who is interested in the future of the economy.

Why You Should Buy This Book

If you are concerned about the economy, then you need to read What Has Government Done to Our Money? This book will give you the knowledge you need to understand the causes of inflation and the economic crisis. Rothbard's analysis is clear and concise, and his arguments are supported by a wealth of historical evidence. This book is a valuable resource for anyone who is interested in the future of the economy.

Order Your Copy Today!

What Has Government Done to Our Money? is available in hardcover, paperback, and audiobook. Order your copy today and start learning about the causes of inflation and the economic crisis.