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Murray N.,Rothbard

What Has Government Done to Our Money?

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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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178 печатни страници
Оригинална публикация
2017
Година на публикуване
2017
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Цитати

  • Alexandraцитирапреди 7 години
    People “buy” money by selling their goods and services for it, just as they “sell” money when they buy goods and services
  • Alexandraцитирапреди 7 години
    Some goods are more widely demanded than others, some are more divisible into smaller units without loss of value, some more durable over long periods of time, some more transportable over large distances. All of these advantages make for greater marketability.
  • Alexandraцитирапреди 7 години
    In both cases, the superiority of butter—the reason there is extra demand for it beyond simple consumption—is its greater marketability. If one good is more marketable than another—if everyone is confident that it will be more readily sold—then it will come into greater demand because it will be used as a medium of exchange.

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