Synopsis
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.
ABOUT THE
Murray N. Rothbard (1926-1995) distinguished himself
as an economist,
writing a major treatise on theory, several important economic histories,
and a highly praised history of economic thought. But he was also known as
the pioneer thinker of libertarianism, the political philosophy that roots
freedom in private property ownership and decries the state as inherently
contrary to the ethics of a free society. Writing from this perspective, he
gained a reputation as the most provocative and influential contributor to
the anarchist tradition in our century.
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About the Author
Murray N. Rothbard, the author of 25 books and thousands of articles, was a historian, philosopher, and dean of the Austrian School of economics. The S.J. Hall Distinguished Professor of Economics at the University of Nevada, Las Vegas, he was also Academic Vice President of the Ludwig von Mises Institute in Auburn, Alabama.
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