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Posted March 8, 2011
Classic treatise on money; cogent argument for the gold standard
While I found this book very interesting, the real "pay-off" is in the final 3 or 4 chapers where Mises summarizes the arguments for the gold-standard and, most importantly, the inevitable effects of government-issued fiduciary media (non-asset-backed money).
This book will demonstrate that principled thinking and rational analyses of historical episodes lead to practical obersvations that appear uncannily predictive of what is happening right now -- even though this book was written over 50 years ago.
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Posted July 29, 2011
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