My Latest Free Book: Mises on Money
You can download my free book, Mises on Money.
This book introduces you to the monetary theory of Ludwig von Mises, the Austrian economist. He wrote The Theory of Money and Credit in 1912. It is a defense of a gold coin standard. But it is much more than this.
It was the first book to present what has become known as the Austrian theory of the business cycle: booms and busts. He blamed fractional reserve banking, which is supported by a central bank. This topic is as "hot" today as it was in 1912.
I wrote the five chapters that comprise this book in 2002. I wrote it to refute the claim by Jude Wanniski that he was an Austrian School economist in his monetary views, and that Murray Rothbard wasn't. He was wrong on both counts. He never replied to these essays.
1. Money: A Market-Generated Phenomenon
2. The Optimum Quantity of Money
3. Two Myths: Neutral Money and Stable Prices
4. Fractional Reserve Banking
5. The Monetary Theory of the Business Cycle
You can download the book by clicking the link.Mises on Money