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Articles
Austrian "Inflation," Austrian "Money," and Federal Reserve Policy, by Richard H. Timberlake Jr., The Freeman: Ideas on Liberty, Sep 2000
"Bad Money Drives Out Good", by Charles W. Adams, Freedom Daily, Dec 2003
Related Topic: Gold Standard
Explains Gresham's Law, recounting how Queen Elizabeth I restored pure silver coinage and how the Romans debased the Greek silver drachma
"It was formulated by Sir Thomas Gresham to explain to Queen Elizabeth I what was happening to the English shilling. ... Henry VIII, had been adulterating the English shilling ... by replacing 40 percent of the silver in the coin with base metals ... Of course it was discovered and this 'bad money' drove out the pure silver shillings then in circulation. "
Related Topic: Gold Standard
Explains Gresham's Law, recounting how Queen Elizabeth I restored pure silver coinage and how the Romans debased the Greek silver drachma
"It was formulated by Sir Thomas Gresham to explain to Queen Elizabeth I what was happening to the English shilling. ... Henry VIII, had been adulterating the English shilling ... by replacing 40 percent of the silver in the coin with base metals ... Of course it was discovered and this 'bad money' drove out the pure silver shillings then in circulation. "
Francisco's Money Speech, Atlas Shrugged, 1957
Francisco D'Anconia's speech about money being the root of all evil
Francisco D'Anconia's speech about money being the root of all evil
Government Money Deserves a "Swift" Abolition, by Nicholas Curott, Mises.org Daily Article, 5 Oct 2006
"We must demand our right to use whatever money we wish to, whatever good or commodity individuals free from coercive interference would spontaneously adopt. Once we have a market supplied money, we can finally burn the paper trash that fuels government plunder and causes macroeconomic fluctuations. It will be our elegy to the tyranny of money theft."
"We must demand our right to use whatever money we wish to, whatever good or commodity individuals free from coercive interference would spontaneously adopt. Once we have a market supplied money, we can finally burn the paper trash that fuels government plunder and causes macroeconomic fluctuations. It will be our elegy to the tyranny of money theft."
Monetary Central Planning and the State, Part 32: Friedrich A. Hayek and the Case for the Denationalization of Money, by Richard M. Ebeling, Freedom Daily, Aug 1999
Related Topic: Friedrich A. Hayek
Related Topic: Friedrich A. Hayek
Paper Money and the Constitution, by Rick Lynch, Freedom Daily, Jan 2009
Related Topic: Constitution of the United States
Examines the historical period of the Articles of Confederation and how it led to controls on the issuance of paper money in the U.S. Constitution
"The story of paper money is a simple one of greed and corruption fueled by the power of unchecked democracy degenerating into oppression and turmoil. For the Framers, the paper-money crisis was the manifestation of all their fears of mob rule followed by chaos, and it was paper money, far more than anything else, that prompted them to convene the assembly that gave birth to the Constitution."
Related Topic: Constitution of the United States
Examines the historical period of the Articles of Confederation and how it led to controls on the issuance of paper money in the U.S. Constitution
"The story of paper money is a simple one of greed and corruption fueled by the power of unchecked democracy degenerating into oppression and turmoil. For the Framers, the paper-money crisis was the manifestation of all their fears of mob rule followed by chaos, and it was paper money, far more than anything else, that prompted them to convene the assembly that gave birth to the Constitution."
Robert Morris to President of Congress, by Robert Morris, The Papers of Thomas Jefferson, 15 Jan 1782
"Altho most Nations have coined Copper yet that Metal is so impure that it has never been considered as constituting the Money Standard. This is affixed to the two precious Metals because they alone will admit of having their intrinsic Value precisely ascertained. But Nations differ very much in the relation they have established between Gold and Silver."
"Altho most Nations have coined Copper yet that Metal is so impure that it has never been considered as constituting the Money Standard. This is affixed to the two precious Metals because they alone will admit of having their intrinsic Value precisely ascertained. But Nations differ very much in the relation they have established between Gold and Silver."
The End of Dollar Hegemony, by Ron Paul, 15 Feb 2006
Related Topics: Federal Reserve System, Gold Standard, Imperialism, Inflation
Speech before the U.S. House of Representatives, explaining how the U.S. dollar became accepted as the world's reserve currency
"In earlier times it was readily accepted that fair and honest trade required an exchange for something of real value. First it was simply barter of goods. Then it was discovered that gold held a universal attraction, and was a convenient substitute for more cumbersome barter transactions. ... Though money developed naturally in the marketplace, as governments grew in power they assumed monopoly control over money."
Related Topics: Federal Reserve System, Gold Standard, Imperialism, Inflation
Speech before the U.S. House of Representatives, explaining how the U.S. dollar became accepted as the world's reserve currency
"In earlier times it was readily accepted that fair and honest trade required an exchange for something of real value. First it was simply barter of goods. Then it was discovered that gold held a universal attraction, and was a convenient substitute for more cumbersome barter transactions. ... Though money developed naturally in the marketplace, as governments grew in power they assumed monopoly control over money."
The Federal War on Gold, Part 2, by Jacob G. Hornberger, Freedom Daily, Sep 2006
Related Topics: Stephen Johnson Field, Abraham Lincoln
"Through the U.S. Constitution, the American people brought into existence one of the soundest monetary systems in history. It wasn't perfect in that it didn't provide for a free market in money, but, by establishing gold and silver coin as the official money for the United States, it did protect the American people from the inflationary ravages of paper money."
Related Topics: Stephen Johnson Field, Abraham Lincoln
"Through the U.S. Constitution, the American people brought into existence one of the soundest monetary systems in history. It wasn't perfect in that it didn't provide for a free market in money, but, by establishing gold and silver coin as the official money for the United States, it did protect the American people from the inflationary ravages of paper money."
The Internet and the End of Monetary Sovereignty, by William A. Frezza, The Future of Money in the Information Age, 1997
"Perhaps, for the first time, sovereign individuals will have the tools to construct a practical realization of laissez-faire capitalism without having to resort to a problematic social contract with an all-powerful state ... At the root of this system will be new monetary institutions that must inherently rest on the consent of the participants."
"Perhaps, for the first time, sovereign individuals will have the tools to construct a practical realization of laissez-faire capitalism without having to resort to a problematic social contract with an all-powerful state ... At the root of this system will be new monetary institutions that must inherently rest on the consent of the participants."
The Organization of Debt into Currency: On the Monetary Thought of Charles Holt Carroll, by Robert Blumen, Mises.org Daily Article, 27 Apr 2006
Related Topic: Gold Standard
"The 'organization of debt into currency' ... rests on a confusion between two very different things: money and debt. Money is gold and silver, while a debt is the postponement of payment. Circulating debt as if it were money confuses money with a promise that will be settled with money some time in the future."
Related Topic: Gold Standard
"The 'organization of debt into currency' ... rests on a confusion between two very different things: money and debt. Money is gold and silver, while a debt is the postponement of payment. Circulating debt as if it were money confuses money with a promise that will be settled with money some time in the future."
An Empire Built of Paper, by Llewellyn H. Rockwell, Jr., The American Conservative, 27 Mar 2006
Related Topics: Warren G. Harding, Imperialism, Woodrow Wilson
A review of Empire of Debt: The Rise of an Epic Financial Crisis by William Bonner and Addison Wiggin
"In the commercial republic of Jefferson, money was gold and silver. Government had no power to print currency. ... If the wall of separation between money and the state was not as high as it might have been, there was still a barrier that put a curb on power-mongering."
Related Topics: Warren G. Harding, Imperialism, Woodrow Wilson
A review of Empire of Debt: The Rise of an Epic Financial Crisis by William Bonner and Addison Wiggin
"In the commercial republic of Jefferson, money was gold and silver. Government had no power to print currency. ... If the wall of separation between money and the state was not as high as it might have been, there was still a barrier that put a curb on power-mongering."
Teaching Basic Economics to Fifth Graders, by Arthur E. Foulkes, Mises.org Daily Article, 21 Jun 2006
Related Topics: Economics, Children, Free Trade, Prices
"We then talked about what makes some goods better suited as money than others. For instance, wheat is better than eggs or fish because it lasts longer and is more easily divisible into units of equal quality. We then discussed things even better suited as money, such as gold or silver."
Related Topics: Economics, Children, Free Trade, Prices
"We then talked about what makes some goods better suited as money than others. For instance, wheat is better than eggs or fish because it lasts longer and is more easily divisible into units of equal quality. We then discussed things even better suited as money, such as gold or silver."
The Federal War on Gold, Part 1, by Jacob G. Hornberger, Freedom Daily, Aug 2006
Related Topics: Gold Standard, Inflation
"The paper money of today still contains a hint of what it once represented — a promise to pay money, rather than money itself. Take a dollar bill ... at the top it states, 'Federal Reserve Note.' Why is it called a 'note'? Because it represents, somewhat perversely, what such a note once constituted for our American ancestors — a promise to pay something, namely gold."
Related Topics: Gold Standard, Inflation
"The paper money of today still contains a hint of what it once represented — a promise to pay money, rather than money itself. Take a dollar bill ... at the top it states, 'Federal Reserve Note.' Why is it called a 'note'? Because it represents, somewhat perversely, what such a note once constituted for our American ancestors — a promise to pay something, namely gold."
Books
A Monetary History of the United States, 1867-1960
by Milton Friedman, 1963
Related Topic: United States
by Milton Friedman, 1963
Related Topic: United States
- ISBN 0691041474
: Hardcover, Princeton University Press, 1963
- ISBN 0691003548
: Paperback, Princeton University Press, 1971
Money and the Nation State: The Financial Revolution, Government and the World Monetary System
by Richard H. Timberlake Jr. (Editor), Kevin Dowd (Editor), 1997
by Richard H. Timberlake Jr. (Editor), Kevin Dowd (Editor), 1997
- ISBN 1560003022
: Hardcover, Transaction Publishers, 1998
- ISBN 1560009306
: Paperback, Transaction Publishers, 1997
What Has Government Done to Our Money?, by Murray N. Rothbard, 1963
Electronic text, in several formats, available at Ludwig von Mises Institute
Electronic text, in several formats, available at Ludwig von Mises Institute
- ISBN 0945466447
: Hardcover, Ludwig von Mises Institute, 2005
- ISBN 0945466102
: Paperback, Ludwig von Mises Institute, 1990
Videos
I Want My Bailout Money, by Michael Adams, the Health Ranger, 6 Jan 2009
Hip hop satire song about Federal Reserve and U.S. Treasury policies
Money, Banking and the Federal Reserve, by Ludwig von Mises Institute, 1996
Related Topics: Federal Reserve System, Banking, Ron Paul, Llewellyn H. Rockwell, Jr., Murray N. Rothbard, Joseph T. Salerno
Explains the origins of money and banking, how and why the Federal Reserve was created and the effects it has had on society. Dedicated to Murray Rothbard.