Book – The Case Against 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.

Available for download at Mises.org

http://www.readrothbard.com/book-the-case-against-the-fed

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