- Paperback: 124 pages
- Publisher: Ludwig von Mises Institute (May 27, 2015)
- Language: English
- ISBN-10: 1610166450
- ISBN-13: 978-1610166454
- Product Dimensions: 8.5 x 0.3 x 11 inches
- Shipping Weight: 11.4 ounces (View shipping rates and policies)
- Average Customer Review: 129 customer reviews
- Amazon Best Sellers Rank: #196,773 in Books (See Top 100 in Books)
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What Has Government Done to Our Money? Paperback – Large Print, May 27, 2015
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Over and over civilizations would pick gold or silver or something else that had value and was durable. Murray goes further by explaining that the value of your money, is by how much gold or silver it represents. A dollar used to be an ounce of silver, a pound used to be a pound of silver. From there he does explain that while gold or silver may be in your best interest, its not necessarily in the government's best interests. So in essence the government likes a fiat based currency as this allows it to spend, spend, spend. So what has the government done with your money? Inflated it and reduced its value.
From there he makes a few further points.
The last section of the book, for example, shows not just how the USA, but all the worlds governments seem to have gone step by step to take the exact choice on how to make things worse in the name of improving things. How governments would rather destroy their own economies than to go back to things that worked. We must go forward, eww! not backwards! Ye-uk! How can you get ahead by going back to the fork in the road where you made a wrong turn and make the other choice instead of continuing going the wrong way? You can only make progress by blindly going on in every other direction and never going back to what worked in the first place, we need progress, not turning back to old things that worked!
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.