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What Has Government Done to Our Money? Paperback – January 25, 2012

by Murray N. Rothbard (Author)

120 customer reviews

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What Has Government Done to Our Money? was first published in 1962 as Money, free and unfree and then a year later under its current title. It details the history of money, from early barter systems, to the gold standard, to present-day systems of paper money. Rothbard explains how money was originally developed, and why gold was chosen as the preferred commodity to use as money. The author also explains how the gold standard makes money a commodity, and how market forces create a stable economy. Rothbard shows that many European governments went bankrupt due to World War I and left the gold standard in order to try to solve their financial issues, which was not the right solution. He also argues that this strategy was partially responsible for World War II and led to economic problems throughout the world.

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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. --This text refers to an out of print or unavailable edition of this title.

Paperback: 50 pages
Publisher: CreateSpace Independent Publishing Platform (January 25, 2012)
Language: English
ISBN-10: 146997178X
ISBN-13: 978-1469971780
Product Dimensions: 7.4 x 0.1 x 9.7 inches
Shipping Weight: 5.4 ounces
Average Customer Review: 120 customer reviews
Amazon Best Sellers Rank: #1,203,953 in Books (See Top 100 in Books)
- #769 in Books > Business & Money > Economics > Money & Monetary Policy
- #1374 in Books > Politics & Social Sciences > Politics & Government > Public Affairs & Policy > Public Affairs & Administration

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120

4.4 out of 5 stars

5 star		76%
4 star		11%
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2 star		2%
1 star		4%

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Top customer reviews

It has ruined it

BySean P. Burnson September 24, 2016

Format: HardcoverVerified Purchase

It has ruined it. That's the simple answer to the question proposed on the cover. The book goes into nice detail explaining how government has manipulated our currency. It could be more thorough of course but the book really isn't that long. this author has many many more books that go into great detail

0Comment One person found this helpful. Was this review helpful to you?YesNo

Rothbard is a genius!

ByR. Samon December 19, 2012

Format: PaperbackVerified Purchase

Rothbard traces the history of money (gold) as a means of exchange all the way to the development of fiat money printed by central bankers. Rothbard demonstrates the dangerous nexus of government, corporatist rent-seeking, and central banking. In this process, Rothbard illustrates the methodical destruction of the gold reserve and the apearance fiat money and inflation directed by the U.S. government and the central bank. The end result is that central banks grow richer from the creation of money while enabling the unchecked growth of the welfare and warfare state at the expense of the free market and the individual liberty of the U.S. citizens.

It is not a long book and it is accessible to the average reader. The prose is excellent and Rothbard provides multiple examples and explanations to illustrate his ideas. It is a must read for anytone who really wants to understand what is happneing in the U.S. economy today.

0Comment 2 people found this helpful. Was this review helpful to you?YesNo

Wait, Money is a Product???

ByM. Woonon September 26, 2013

Format: PaperbackVerified Purchase

Yes, money is a product: it is manufactured, marketed, and sold world-wide. In the US (and for most of the world) The Federal Reserve Bank has the unprecedented authority (considering it's a private company) to manufacture the only money recognized by the Federal Government of the United States. When it "purchases assets" such as US Treasury Notes, there's no conflict of interest, is there? When the Federal Reserve loans to its special network of "prime dealers," there's no ulterior motives for the Fed Chairman to support their former colleagues on Wall St, right? Isn't the Federal Reserve Bank is a boring club of mind-numbing economists simply following the "mandate" to maximize employment and minimize inflation, or simply provide a "stable" currency? Not according to Murray Rothbard who points out definitively that money, as a product (or commodity), can be provided by the free market as are all products just as it had for millenia, until 1933 in the US when FDR decided to confiscate everyone's gold held in bank reserves in exchange for... freshly printed Federal Reserve Notes which is still written on top of every dollar bill in your pocket.

0Comment 2 people found this helpful. Was this review helpful to you?YesNo

Review of What Has Government Domne to Our Money

ByRobert Cohenon November 17, 2012

Format: Kindle EditionVerified Purchase

I chose 5 stars because I remember back in the 1950's one can get a cherry ice cream soda for 1 silver quarter when silver coins were still in circulation. Then in the 60's and 70's after silver coinage was discontinued, and we in america went off the gold standard, I saw a continual rise of prices in all categories and did not like this situation which continues to this day. I quested my parents and everyone around me where did this inflation and rise in the cost of living come from and got no satisfactory answers from anyone. Being a college graduate but not having studied economics in college, I found economics in one lession by Henry Hazlitt and other austrian economists inclusing meeting Murray Rothbard in person, and later buying his books, I came to realize inflation is not the rise in the cost of living but rather that inflation is increasing the fiat money supply, and that rise in the cost of living is an effect of inflating the money supply. This book and economics in one lession should be in my humble opinion should be a requirement for all prospective voters if we are serious about reclaiming our republic and the constitution.

0Comment 3 people found this helpful. Was this review helpful to you?YesNo

A bit on the libertarian side - but the author ...

ByJohn Sloanon May 24, 2017

Format: PaperbackVerified Purchase

A bit on the libertarian side - but the author mostly sticks to Austrian School economic theory in his appraisal about government debasement of the value of the money supply

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The definitive text on Money vs Currency

ByMarcanthony Salvatinion September 24, 2016

Format: PaperbackVerified Purchase

The definitive text on Money vs Currency from the leading authority and Austrian economic thinker of the 20th Century and beyond.
Indispensable book; a quick read and one will know more about the Fed and its shenanigans than any 10,000 people, and especially the talking heads on any network or MSM "publication."
They don't teach this and should starting in HS and in pursuit of any higher ed degree.