The Rothbard classic in its first audio edition!
Here is the book that fully explains the origins and effects of the money and banking cartel, and what happened in US history to transform the dollar from something that was as good as gold into nothing but a scrap of paper whose value is dependent on political appointees.
After presenting the basics of money and banking theory, he traces the decline of the dollar from the 18th century to the present, and provides lucid critiques of central banking, New Deal monetary policy, Nixonian fiat money, and fixed exchange rates. He also provides a blueprint for a return to a 100 percent reserve gold standard.
This audio book is read by the master of the genre: Jeff Riggenbach. He also gives us the additional essay that shows the way out: “The Case for a 100 Percent Gold Dollar.”
The book made huge theoretical advances. He was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much.
Since Rothbard’s death, scholars have worked to assess his legacy, and many of them agree that this little book is one of his most important. Though it has sometimes been inauspiciously packaged and is surprisingly short, its argument took huge strides toward explaining that it is impossible to understand public affairs in our time without understanding money and its destruction.
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