Murray Rothbard - The Mystery Of Bankink

You have here a unique academic treatise on money and banking, a book which combines erudition, clarity of expression, economic theory, monetary theory, economic history, and an appropriate dose of conspiracy theory. Anyone who attempts to explain the mystery of banking—a deliberately contrived mystery in many ways—apart from all of these aspects has not done justice to the topic. But, then again, this is an area in which justice has always been regarded as a liability. The moral account of central banking has been overdrawn since 1694: “insufficient funds.” [footnote: P. G. M. Dickson. The Financial Revolution in England: A Study in the Development...