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A History of Money and Banking in the United States: The Colonial Era to World War II Hardcover – August 30, 2002
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Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.
From the introduction by Joseph Salerno:
"Rothbard employs the Misesian approach to economic history consistently and dazzlingly throughout the volume to unravel the causes and consequences of events and institutions ranging over the course of U.S. monetary history, from the colonial times through the New Deal era. One of the important benefits of Rothbard's unique approach is that it naturally leads to an account of the development of the U.S. monetary system in terms of a compelling narrative linking human motives and plans that often-times are hidden, and devious, leading to outcomes that sometimes are tragic. And one will learn much more about monetary history from reading this exciting story than from poring over reams of statistical analysis. Although its five parts were written separately, this volume presents a relative integrated narrative, with very little overlap, that sweeps across three hundreds years of U.S. monetary history."
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About the Author
- Publisher : Ludwig von Mises Institute; 1st edition (August 30, 2002)
- Language : English
- Hardcover : 510 pages
- ISBN-10 : 0945466331
- ISBN-13 : 978-0945466338
- Item Weight : 1.95 pounds
- Best Sellers Rank: #542,917 in Books (See Top 100 in Books)
- Customer Reviews:
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Top reviews from the United States
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This was a long read, but very informative if you're interested in the history of banking institutions and early political tactics during the Industrial Age.
Is Rothbard right about the need for a gold standard? There isn't enough gold to support the unrepayable and largely unserviceable public debt balloon our Wall Street masters of the universe and their academic and bureaucratic apologists have been inflating over the past ninety-six years, and doubling over the past twelve months. Only truly heroic inflation can now bail out the State, and it's hard to see how the inflationists can now make the bubble inflate fast enough to prevent a gigantic bust. History suggests that a real collapse may be coming, one in which the bankers will remain standing because their toxic waste has all been absorbed by the friendly taxpayer. Other major players may end up more like GM than GE.
Meanwhile, as I await the bust, this book of Murray's is lively reading and food for thought. You really can't ask more from any book.
Top reviews from other countries
Murray N. Rothbard hat mit diesem und anderen Büchern entscheidend zur Renaissance der Austrian School, hier bekannt unter Österreichische Schule der Ökonomie beigetragen.
Wer frei von doktrinären, staatlichen Einflüssen erfahren will, wie die Weltwirtschaft heute in eine derart verheerende Lage geraten konnte, kommt
an diesem Buch nicht vorbei.
Travail très important pour le courant Autrichien. A comparer avec l'Histoire monétaire des Etats-Unis de Milton Friedman.