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Murray Rothbard's 1963 masterpiece remains the definitive primer on money, banking, and government monetary intervention. This large print edition makes Rothbard's essential Austrian economics text accessible to all readers, preserving every insight from the original work in an easy-to-read format.
Rothbard distills complex Austrian economic theory into clear, compelling prose that has educated innumerable economists, investors, and political leaders—including Congressman Ron Paul. This paperback demonstrates precisely how governments systematically destroy sound money and why only government possesses the power to devastate currency on a mass scale.
This book exposes how banks create money from nothing and how central banks, backed by government authority, enable this process. Rothbard explains exchange rates and interest rates in a true free market context, contrasting them with government-manipulated systems. His analysis of the gold standard's demise names specific actors and interest groups responsible for abandoning sound monetary principles.
Fifty years after publication, scholars recognize this work as among Rothbard's most significant contributions. Students share it with professors, readers recommend it widely, and some have even pursued political office after encountering its arguments. The book's theoretical advances and passionate presentation make complex monetary concepts accessible without sacrificing intellectual rigor.
The large print format ensures Rothbard's critical insights reach the widest possible audience. Understanding public affairs requires understanding money and its systematic destruction by government intervention. This edition preserves the complete argument that explains central banking, Federal Reserve operations, and the mechanisms of monetary manipulation that affect every citizen.
Published by Createspace Independent Publishing Platform, this paperback serves as both an educational resource and a manifesto for sound money principles. Whether you're studying economic theory, researching monetary policy, or seeking to understand how government actions impact currency, Rothbard's analysis provides the foundational knowledge necessary for informed economic literacy.