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What Has Government Done to Our Money?
by Murray Rothbard · 1963
★★★★★Editor's Pickbeginner
Rothbard's short history of money and government intervention. The best explanation of how governments inflate currencies.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from What Has Government Done to Our Money?
- 1Commodity money emerges spontaneously from free exchange.
- 2Government intervention in money always leads to debasement and inflation.
- 3The gold standard was not a government creation — it emerged from the market.
- 4Fractional reserve banking is inherently unstable and prone to runs.
- 5Sound money is not just economic policy — it is a moral imperative.
★ About the Author
Murray Rothbard
Murray Newton Rothbard (1926–1995) was an Austrian School economist and the founder of anarcho-capitalism. This short but devastating essay on the history of money remains one of his most accessible and widely read works.
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