Customer Reviews

Money, Bank Credit, and Economic Cycles

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The first eight chapters of this comprehensive book detail the historical failings of banks to observe the law and government's failure to implement the law with regard to the irregular deposit, and then goes on to explain how this has been beneficial for bank profits and government goals at the expense of an ill-informed and deceived public. Chapter nine considers how this state of affairs can be reformed by a return to the gold standard, the abolition of the central banking system, etc.

The language of the book is fairly straightforward, but it is a dense read from chapter five onwards, so be prepared to stick with it. A good study guide would be a useful addition.

Readers of this book should also consider George Reisman's, Capitalism: A treatise on economics.

This is a brilliant work that shows with great clarity exactly what is wrong with fractional-reserve banking. While our politicians talk about stimulus packages and ways to save our ailing economy, they should read this book and work toward the reforms it proposes. The madness of boom-and-bust cycles won't stop until this wretched practice of fractional-reserve banking is stopped. The language is clear and the explanations very thorough. A great read that will give you a very deep understanding of our economy.

Huerta de Soto explains in detail and with an extraordinary wise structure why we have economic cycles in our economies, and what we should do to avoid this economic fluctuations and set up a truly free society.

The book is master piece, full of references about the main authors and thesis that had rise about money, banking, economic cycles and its contribution to the history of economic thinking. This makes Money, Bank Credit and Economic Cycles an essential reading for anyone interested in economy or banking.

Huerta de Soto is one of the most stimulating and brilliant economist of the Austrian School of Economy.

Money, Bank Credit and Economical Cycles guarantees a full and passionate learning on economics, banking and history of the economic thinking.

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One of the valuable book that covers the depth of key economics i.e. inflation, business cycles, and how they are linked with the government controls. A complete comprehensive book on business cycle theory, money, banking, and the law. Worth to buy.

This work proves nonetheless the complicity between bankers and governments. That part is sound enough. Yet the early development in medieval europe of an economy was greatly enhanced by discounting bills by merchant bankers. Discount and interest differ vastly in nature. However, a discussion of real bills is anathema to cultists or otherwise dogmatic doctrines, it seems. It is a lost opportunity to bring up epistemological truth, instead of teleological spin to prove a point. The former would have yielded a sound conclusion.
Some chapters are usefull, but the entire work is handicapped by the absence of the discussion on bills and discount.
Sad. I had expected more.