The Case Against the Fed (Legal Counterfeiter)
Translated work|Translated by: Hakan Şahin
Murray Rothbard's work approaches the history of money from the perspective of the Austrian School and libertarianism. The monopolization of sound money by the state, debasement, legal tender laws, central banking, and the fiat money system are examined.
It is argued that the state's authority to create money can turn into a hidden financing mechanism; that an increase in the money supply erodes purchasing power and transfers resources to those who hold the authority to create money.
Monetary HistoryCentral BankMonopoly of Money