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Aspects of the Pathology of Money

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Professor Heilperin was the outstanding monetary theorist before and after the Second World War who explained the inflation dangers associated with monetary nationalism, and called for a new international monetary system based on gold: not a gold exchange standard but a genuine gold standard.

Even while the Keynesians and monetarists were predicting nirvana flowing from paper money, the Austrians saw the looming disaster.

These are his critical essays that appeared between the early 1930s and...