A great explanation of the history of banking and the monetary system as well as the economy.
If you really want to understand the mystery of how money is created, what inflation is, and how the modern banking system evolved, you will not be disappointed.
Also, the book could be more convincing if graphical demonstrations of various statistics would have been used.
This book explains clearly how banks loan money in a fractional reserve system, as well as how banking functioned on a 100% reserve system. Read morePublished 18 days ago by Melissa Draper
Informative blend of economics and history. Explains in a clear manner how an honest money system should be designed and forgoes complex economic models that talking heads love to... Read morePublished 2 months ago by Justin Gorman
I believe this book holds the key to understanding the current trends in e-money and digital currencies.Published 2 months ago by george mchugh
Must love banking history. Proposal for change made contains politically unrealistic contentions. Fails to give credit for the stability of banking in the last 80-100 years.Published 6 months ago by Richard Knapp
Very analytical and descriptive. Rothbard is very forward and to the point. Like much of his work it encouraged the reader to think critically.Published 9 months ago by Samuel Scott
I am not a fan of the Fed, which has set upon a course of inflating the currency to steal the few pennies I was able to save during my working life, and use them to enable the... Read morePublished 9 months ago by Interested customer
If you want to finally understand how the current banking system (based on the concept of the fraction reserve system - i.e. Read morePublished 10 months ago by Charles H. Rosa
This book provides great insight on the US banking system and the issues that it causes. It is a must read to educate yourself on banking fundamentals and how they affect your... Read morePublished 11 months ago by NLC