The Case Against the Fed (LvMI)

The Case Against the Fed (LvMI)

by Murray N. Rothbard
     
 

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The most powerful case against the American central bank ever written. This work begins with a mini-treatment of money and banking theory, and then plunges right in with the real history of the Federal Reserve System. Rothbard covers the struggle between competing elites and how they converged with the Fed.

Rothbard calls for the abolition of the central bank

Overview

The most powerful case against the American central bank ever written. This work begins with a mini-treatment of money and banking theory, and then plunges right in with the real history of the Federal Reserve System. Rothbard covers the struggle between competing elites and how they converged with the Fed.

Rothbard calls for the abolition of the central bank and a restoration of the gold standard. His popular treatment incorporates the best and most up-to-date scholarship on the Fed's origins and effects.

The contents of this volume include:
* Introduction: Money and Politics
* The Genesis of Money
* What is the Optimum Quantity of Money?
* Monetary Inflation and Counterfeiting
* Legalized Counterfeiting
* Loan Banking
* Deposit Banking
* Problems for the Fractional-Reserve Banker: The Criminal Law
* Problems for the Fractional-Reserve Banker: Insolvency
* Booms and Busts
* Types of Warehouse Receipts
* Enter the Central Bank
* Easing the Limits on Bank Credit Expansion
* The Central Bank Buys Assets
* Origins of the Federal Reserve: The Advent of the National Banking System
* Origins of the Federal Reserve: Wall Street Discontent
* Putting Cartelization Across: The Progressive Line
* Putting a Central Bank Across: Manipulating a Movement, 1897-1902
* The Central Bank Movement Revives, 1906-1910
* Culmination at Jekyll Island
* The Fed at Last: Morgan-Controlled Inflation
* The New Deal and the Displacement of the Morgans
* Deposit "Insurance"
* How the Fed Rules and Inflates
* What Can Be Done?

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Product Details

ISBN-13:
2940013309784
Publisher:
Ludwig von Mises Institute
Publication date:
10/14/2011
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
158
File size:
1 MB

Meet the Author

Murray N. Rothbard (1926–1995), a scholar of extraordinary range, made major contributions to economics, history, political philosophy, and legal theory. He developed and extended the Austrian economics of Ludwig von Mises, in whose seminar he was a main participant for many years. He established himself as the principal Austrian theorist in the latter half of the 20th century and applied Austrian analysis to historical topics such as the Great Depression of 1929 and the history of American banking.

Rothbard was no ivory-tower scholar, interested only in academic controversies. Quite the contrary, he combined Austrian economics with a fervent commitment to individual liberty. He developed a unique synthesis that combined themes from 19th-century American individualists such as Lysander Spooner and Benjamin Tucker with Austrian economics. A new political philosophy was the result, and Rothbard devoted his remarkable intellectual energy, over a period of some 45 years, to developing and promoting his style of libertarianism. In doing so, he became a major American public intellectual.

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