29. Murray Rothbard, What Has Government Done to Our Money?, pt. 5

By | November 1, 2017

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

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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Intro music: Ching by Glass Boy
Source of the text: Mises Institute