In what is sure to become the standard account,Rothbard traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century to show how government’s systematic war on sound money is the hidden force behind nearly all major economic calamities in American history

The story of money and banking has never been told with such rhetorical power. You will love this volume.

FROM THE INTRODUCTION BY JOSEPH SALERNO:

The Misesian approach to economic history is employed consistently and dazzlingly throughout the volume to uncover the causes and consequences of events and institutions ranging over the course of U.S. monetary history, from the colonial times through the New Deal era. An account of the development of the U.S. monetary system in terms of a compelling narrative linking human motives and plans that often- times are hidden, and devious, leads to outcomes that sometimes are tragic. One can learn a lot more about monetary history from reading this exciting story. Although its five parts were written separately, this volume presents a relative integrated narrative, with very little overlap, that sweeps across three hundreds years of U.S. monetary history.

ABOUT THE AUTHOR

Murray N.Rothbard was an economist who wrote several important economic histories and a highly praised history of economic thought. He was the pioneer thinker of libertarianism, the political philosophy that roots freedom in private property ownership and decries the state as inherently contrary to the ethics of a free society. He gained a reputation as the most influential contributor to the anarchist tradition in our century by writing from this perspective.

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