The theory of money and credit

What Hacker News says

1. trod1234Aug 2025
   Looking at the listed curricula, this won't teach kids the skills they need to have financial literacy which is a very low bar needed to make financial decisions.

   Listed Curricula: Budgeting • Saving • Banking • Credit • Investing • Insurance • Taxes • College Finance • Career Planning • Entrepreneurship • Economics • Consumer Rights

   This is so broad that the important parts won't have sufficient detail to understand the foundations. I can almost guarantee you they won't have talked about fiat currency, or inflation aside from the macro perspective which won't connect to anything at the individual level (Micro).

   If you want your kids to understand finance and by extension money you start with Mises on Human Action, then The Theory of Money and Credit, then Menger/Hayek, a review of Adam Smith's 5 volume set, and later Socialism.

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2. jkhdigitalFeb 2021
   Mises had a few things to say on the subject of what makes money “good” or “bad”. You might learn something if you read The Theory of Money and Credit.
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3. jkhdigitalAug 2020
   No, there is a definition: Money is a commonly accepted medium of exchange. The problem is not that there is no accepted definition of money, but rather that this definition actually encompasses a very broad class of assets, each of which has some interesting and unique characteristics that can be defined independently of the definition of money. Talking about "money" by itself is often not specific or helpful enough for the subject at hand. Mises does an excellent job of defining a taxonomy for money and money substitutes in his book The Theory of Money and Credit.
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4. mkempeApr 2015
   I gave you [1]. I'll generously give you also: The Theory of Money and Credit, by Ludwig von Mises [2]

   [2] http://www.amazon.com/dp/1442175958

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5. iradikSep 2011
   Theory of money and credit by ludwig von mises: http://mises.org/books/Theory_Money_Credit/Contents.aspx (free HTML or pdf)
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6. nandemoJun 2010
   I love that book.

   Another good, "popular" Austrian-school book is What Has Government Done to Our Money? by Murray Rothbard. The Theory of Money and Credit by Mises is on same subject but it's more comprehensive, the tone is more academic and is considerably harder. Both are available online.

   http://mises.org/money.asp http://mises.org/books/Theory_Money_Credit/Contents.aspx

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