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Brown's Errors: Economy
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Ellen Brown's Errors in Monetary Theory and Economic Theory
Gary North
Ellen Brown is not an economist. Her book, The Web of Debt, offers two pages of recommended reading (pp. 487-88). Not one book on either monetary theory or economic theory appears. That she could publish a book on fractional reserve banking without citing Murray Rothbard's The Mystery of Banking (1983), which is available as a free download at the Mises Institute, indicates that she does not agree with Rothbard. She also ignores his little masterpiece, What Has Government Done to Our Money? (1964), also free. She ignores his article, "The Case for a 100% Gold Dollar" (1962). It, too, is free. Yet she mentions his brief history, Wall Street, Banks, and American Foreign Policy. In short, she knows who he was and what he stood for. He was a defender of a free market gold coin standard, with government out of the money production business. She hates this idea with a passion equal to her hatred of fractional reserve banking.
You can verify what I write about here in the free online version of the book that Google Books has posted. Access it here.
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