What Has Government Done to Our Money? [Paperback]

Murray N. Rothbard (Author)

Book Description

Publication Date: June 1990

Rothbard's most famous monetary essay has appeared in multiple editions and influenced two generations of economists, investors, and businessmen. After presenting the basics of money and banking theory, he traces the decline of the dollar from the 18th century to the present, and provides lucid critiques of central banking, New Deal monetary policy, Nixonian fiat money, and fixed exchange rates. He also provides a blueprint for a return to a 100 percent reserve gold standard.

Editorial Reviews

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.

Product Details

• Paperback: 119 pages
• Publisher: Laissez Faire Books (June 1990)
• Language: English
• ISBN-10: 0945466102
• ISBN-13: 978-0945466109
• Product Dimensions: 8.3 x 5.2 x 0.3 inches
• Shipping Weight: 5.6 ounces
• Average Customer Review: 4.3 out of 5 stars  See all reviews (41 customer reviews)
• Amazon Best Sellers Rank: #1,224,146 in Books (See Top 100 in Books)

Most Helpful Customer Reviews

43 of 45 people found the following review helpful

5.0 out of 5 stars Must Read! March 25, 1999

By Scott A. Kjar

Format:Paperback

I teach a one-quarter course in economic principles, and I always use this wonderful little book for a portion of it. Although the book is not very long, and Rothbard's style is extremely readable, he packs a lot of information and perspective into it. My students have an overall high opinion of this book (and the predictable low opinion of the main text book). No previous background or knowledge of money, monetary history, or economics is required to read and understand this great work. Rothbard starts in a "Robinson Crusoe" world, that is, a world in which Crusoe is the only person. He then adds more people, and shows how money arises, and exactly what money is (and what it is NOT!). I not only highly recommend it, I REQUIRE it for my students.

29 of 30 people found the following review helpful

5.0 out of 5 stars A Gem November 30, 2002

By Steve Jackson

Format:Paperback

"What Has Government Done to Our Money" is an excellent introduction to the consistent libertarian view of money; namely, that government need not intervene in a nation's monetary life at all (either by printing money or regulating banks). In a relatively short number of pages, Rothbard explains money, inflation, banking, and the history of monetary policy. Rothbard notes that the dream of the banksters is a single currency that can be inflated at will. With the rise of the EU and the Euro, we are getting closer to that day.

Don't stop with this book -- be sure to get Rothbard's "A History of Money and Banking in the US" and also "The Mystery of Banking."

34 of 36 people found the following review helpful

5.0 out of 5 stars THE introduction to sound monetary policy March 18, 2001

By John S. Ryan

Format:Paperback|Amazon Verified Purchase

The late Murray Rothbard's short volume is the best single introduction available to monetary theory -- and to the sort of fiscal jiggery-pokery that becomes possible to the State which takes control of the currency.

Here the reader will find a short introduction to what money is in the first place (and how it arises on a free market); how fiat currency makes inflation possible and allows the State to steal funds without anybody noticing; and what sound monetary policy would look like in the unlikely event that the State can ever be persuaded to take its fingers out of the pie. As is typical of Rothbard, the whole is presented with clarity, rigor, and wit.

Readers who like what they find here may want to go on to Ludwig von Mises's _Theory of Money and Credit_ -- which Rothbard describes somewhere as the best book ever on monetary theory.