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Readers of The Mystery of Banking will find that money and banking are, contrary to what the book’s title might suggest, no longer a mystery to them. Textbooks on money and banking are often prolix, dull, and confusing, but Murray Rothbard explains the essential issues in a step-by-step fashion.
The Mystery of Banking continues to be the only book that clearly and concisely explains the modern fractional reserve banking system, its origins, and its devastating effects on
The Mystery of Banking is Murray Rothbard's 1983 book explaining the modern fractional-reserve banking system and its origins. In his June 2008 preface to the 298-page second edition, Douglas E. French suggests the work also lays out the “...devastating effects [of fractional-reserve banking] on the lives of every man, woman, and ...
- Murray Newton Rothbard
- 1983
Nov 1, 1983 · Rothbard's extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best, textbook for college classes on the topic.
- (579)
- Hardcover
Sep 10, 2008 · As Douglas French writes in the introduction: "Although first published 25 years ago, Murray Rothbard s The Mystery of Banking continues to be the only book that clearly and concisely explains the modern fractional reserve banking system, its origins, and its devastating effects on the lives of every man, woman, and child.
- (169)
- Murray Newton Rothbard
- $20.57
- Ludwig von Mises Institute
Appendix: The Myth of Free Banking in Scotland. What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Jun 9, 2011 · Banks to become free to issue their own gold-certificate cash notes. The complete denationalization of money and the removal of government guarantees on bank accounts, to reintroduce the “healthy gale” of bank runs back into the banking industry.
