What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar : Book Review

"What Has Government Done to Our Money and The Case for a 100 Percent Gold Dollar" written by Murray N. Rothbard is a highly thought-provoking and influential book that challenges common beliefs about the government's role in controlling money. Rothbard presents a comprehensive historical analysis of money and its manipulation by governments over time, advocating for a return to the gold standard.

One of the central arguments made by Rothbard is that governments have consistently abused their authority over money, resulting in inflation, economic instability, and the depreciation of currency. He traces the evolution of money from its origins as a commodity and explains how governments gradually seized control, enabling them to manipulate its value and increase the money supply for their own gain.

Rothbard contends that reinstating the gold standard, which ties money to a fixed amount of gold, is the solution to the problems caused by government control. He presents a compelling case for the gold standard, highlighting its historical success in maintaining price stability, reducing inflation, and ensuring a reliable medium of exchange.

Using economic theory and historical evidence, Rothbard effectively challenges the prevailing notion that government control over money is necessary for economic stability and prosperity. He proposes that a free market in money, with gold as the ultimate standard, would enable economic growth, limit government spending, and safeguard individuals' wealth against the detrimental impacts of inflation.

Overall, "What Has Government Done to Our Money and The Case for a 100 Percent Gold Dollar" is a meticulously researched and compelling book that offers an alternative perspective to conventional economic thinking. Rothbard's clear and accessible writing style, backed by in-depth analysis and historical examples, makes this book an essential read for anyone seeking a deeper understanding of the nature of money and the influence of government control.

What are readers saying?

Murray N. Rothbard's book, "What Has Government Done to Our Money and The Case for a 100 Percent Gold Dollar," has received a mix of reviews. Some readers commend Rothbard for his clear and concise writing style, as well as his ability to explain complex economic concepts in an accessible manner. They appreciate the book's focus on the history and impact of government intervention in currency, and how it has contributed to economic instability. These readers believe that Rothbard effectively presents persuasive arguments for a return to a gold standard.

However, there are reviewers who express dissatisfaction with the book's strong libertarian perspective. They argue that Rothbard oversimplifies the complexities of monetary policy and overlooks the potential benefits of government intervention. These critics feel that the book's arguments are one-sided and fail to consider important factors that shape the modern financial system.

Another point of contention among reviewers is the book's brevity. Some readers feel that Rothbard could have delved deeper into the topics discussed and provided additional evidence and examples to support his arguments. They desire a more comprehensive analysis and believe that the book lacks the depth necessary to fully explore the subject matter.

Despite these criticisms, many reviewers find "What Has Government Done to Our Money and The Case for a 100 Percent Gold Dollar" to be a valuable introduction to the topic. They emphasize that the book encourages readers to question the current monetary system and serves as a starting point for further exploration into alternative approaches.

Overall, the reviews for Murray N. Rothbard's book are divided. While some appreciate its accessible writing style and persuasive arguments, others voice concerns about its one-sided perspective and lack of depth. Readers who are interested in the topic of government intervention in currency may find the book to be thought-provoking and a gateway to further exploration.

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