What Has Government Done to Our Money?
What Has Government Done to Our Money? details the history of money, from early barter systems, to the gold standard, to present-day systems of paper money. Rothbard explains how money was originally developed, and why gold was chosen as the preferred commodity to use as money. The author also explains how the gold standard makes money a commodity, and how market forces create a stable economy. Rothbard shows that many European governments went bankrupt due to World War I and left the gold standard in order to try to solve their financial issues, which was not the right solution. He also argues that this strategy was partially responsible for World War II and led to economic problems throughout the world.
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16recommend
19mentions
16people
2009–2023years
100% recommend
Mentions per year
What Hacker News says
- Try reading this classic:
„What Has Government Done to Our Money?“
https://mises.org/library/what-has-government-done-our-money
It’s a good introduction to banking, money and the business cycle.
- What has Government Done to Our Money - Murray Rothbard.
Read it and you will understand money better than 99.9% of the population, including most economists.
- Benoit, thank you for this!
"What has government done to our money" is a nice read to understand money, inflation, central banks, exchange rates between currencies, etc.
https://mises.org/library/what-has-government-done-our-money
It opens with describing what money is from the first principles.
- If you are curious for the theory behind this mechanism, a good source is “what has government done to our money“ by Murray Rothbard.
It’s freely available here:
https://mises.org/library/what-has-government-done-our-money
- CTRL+F and nobody mentioned Austrian Economics, the Mises Institute, gold, bitcoin, sound/hard money... wow. People are really delusional and still completely under the thumb of Keynes' wrong economic "policies".
Wake up people. Coronavirus or not, the world has been in a state of decay since after WWI and it snowballed in the 70's when the last of the gold standard was severed.
People advising that 2/3 % inflation is "not only not bad, but a sign that the economy is doing great" have absolutely no idea what they are talking about.
For those who are a minimum curious, I really advise you to read two fenomenal books
- What has government done to our money? - Rothbard, Murray N.
- Democracy: The God that failed - Hans-Hermann Hoppe
To the OP: government's great plan is to eliminate cash or render cash useless. Everything will more to digital cash where they can effectively do negative interest rates. What can you do to protect yourself? Put most of your money in Bitcoin and Gold. These are the only hard money in existence.
- Missing is the most comprehensive treatise on economics in the 20th century, perhaps ever: “Man, Economy & State” by Murray N. Rothbard.
https://mises.org/library/man-economy-and-state-power-and-ma...
Another is Rothbard’s little book, “What Has Government Done to Our Money?” which provides a wonderfully accessible introduction to the theory and history of money.
https://mises.org/library/what-has-government-done-our-money
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