The Mystery of Banking
Sign in to keep track of books you’ve read and want to read.
Talk about great timing. 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. This is because its expositional clarity—in its hitosry and theory—is essentially unrivaled.
Read more
Most notably, he uses the T account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional reserve banking and how it sets the stage for centralization, inflation, and the boost-bust cycle.
But there is more here. It is an explanation of money's origins and its meaning in the free market. The abstract theory is here but always with real application in history and in modern banking practice. Never does a paragraph go by without an example drawn from his massive knowledge of the subject.
Liked The Mystery of Banking? Here’s where I’d start.
These suit anyone who liked The Mystery of Banking. Sign in and mark a few books for picks shaped around your own taste.
-
The Theory of Money and Credit Shares economics, non, hist bio -
Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse Shares economics, austrian economics, non -
The Failure of the New Economics Shares economics, austrian economics, libertarian -
Principles of Economics Shares economics, austrian economics, libertarian
