Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government. The free market creates money; government destroys it for its own ends. Part 5 of 6.
Topics covered in this episode:
- Central Banking
- How central banking removes the free market checks on inflation
- How central banks direct inflation
- Governments going off of the gold standard
- Fiat money
- Government (mis)management of money
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Murray N. Rothbard, What Has Government Done to Our Money?
Also mentioned in the episode:
Duryea, Scott N. “William Pitt, the Bank of England, and the 1797 Suspension of Specie Payments: Central Bank War Finance During the Napoleonic Wars.” Libertarian Papers 2, no. 15 (2010): 1–17.
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