Pre-Owned The Case Against the Fed Paperback

The Case Against the Fed, ISBN-10 1610166442, ISBN-13 9781610166447, Rothbard, Murray N, 164 pages, Publisher: Ludwig von Mises Institute, Binding: Paperback

The most powerful case against the American central bank ever written. This work begins with a mini-treatment of money and banking theory, and then plunges right in with the real history of the Federal Reserve System. Rothbard covers the struggle between competing elites and how they converged with the Fed.Rothbard provides a succinct account of the origins of money, showing how money must originate from a commodity. Banking originated from goldsmiths, who issued warehouse receipts for gold deposited with them. From this a fractional reserve system developed, inherently prone to monetary expansion and panic.In the late nineteenth century, a movement toward bank centralization arose among both progressives and bankers, the latter eager to increase their profits. From these plans, the Federal Reserve System developed. Rothbard shows the dominate influence of the banking House of Morgan at the Feds inception. During the New Deal, Rockefeller interests took first place in influence, with the Morgan interests reduced to a subordinate though still potent role.The book concludes with an account of the Feds role in causing inflation and the business cycle. Abolition of this nefarious agency must be part of any agenda for genuine financial reform.

Pre-Owned - GOOD Condition: The item might show general signs of tear and wear, some markings, highlighting, etc. from consistent use, but it remains in good condition and functions properly; all the text should be legible and all pages included. May include "From the library of" labels. Shrink wrap, dust covers, boxed set case, or bundled media may be missing. Accessories such as CDs/DVDs, access cards with codes, toys, dust covers, cardboards, etc. may not be included.