The origin of money

Origin of money: Image of a shekel from the second temple period
This entry is part 2 of 6 in the series What has government done to our money?

This is part of our series on the book “What Has Government Done to Our Money?”. This post discusses one of the main concepts where the author of the book (Murray Rothbard) seems to disagree with what anthropologists tell us about the origin of money. Origin of money: per the author The author consistently refers […]

The free market

The free market: Picure
This entry is part 3 of 6 in the series What has government done to our money?

This is part of our series on the book “What Has Government Done to Our Money?”. This post discusses one of the main concepts where the author of the book (Murray Rothbard) uses the phrase “the free market” differently from how Adam Smith used it in his groundbreaking book “The Wealth of Nations“. The free […]

The supply of money vs the “price” of money

The supply of money: A chart showing currency, M1, and M2 within the US monetary supply from 1960 to about 2012
This entry is part 5 of 6 in the series What has government done to our money?

This is part of our series on the book “What Has Government Done to Our Money?“. This post discusses the supply of money, how free markets efficiently allocate improved standards from the fruits of capital investment, the use of two metals in coinage, and the suggestion that our banking system use a 100% reserve requirement. […]

Causes of hyperinflation? Excess government spending?

Causes of hyperinflation: Picture shows some 50 billion dollar Zimbabwean bank notes
This entry is part 7 of 6 in the series What has government done to our money?

This is part of our series critiquing the book “What Has Government Done to Our Money?”. This post discusses the federal government taking gold from people in 1933, the authors view causes of hyperinflation, the problems with fiat currencies, from his perspective, and the US money supply from 1815 to 1914.. The “Rothbard” mentioned below […]