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Customer Review

on April 16, 1997
Murray Rothbard once again cuts through the popular dogma and conventional knowledge which government would prefer we all simply take on faith. In this case, the subject is money and the creation of it. Rothbard, an exceptional economist, showcases his ability to set aside the technical jargon and higher mathematics of the profession in favor of language accessible to everyone. In "The Case Against the Fed," Professor Rothbard examines the roots of money, as a commodity with subjective value which, because of wide-spread acceptance and other desireable qualities, becomes a medium of exchange for a people. Furthermore, he exposes the government's, via the Federal Reserve, monopolization of money. Rothbard shows how the Fed uses the power of the printing press to tax the people via inflation, to redistribute income, and to artificailly lower the interest rate leading to the infamous "business cycle" and the roller coaster of depressions and booms which our eceonomy is regualraly subjected to. Anyone who is concerned about the purchasing power of their income and about the unemployment which the business cycle regularly brings should read this book. Professor Rothbard portrays the federal government as what it is: the self-proclaimed, legitimate counterfeiter
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