What Has Government Done to Our Money? And the Case for a 100 Percent Gold Dollar

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The Mises Institute presents a beautiful hardbound edition of Rothbard's influential monetary essay, which has shaped the thinking of economists, investors, and business professionals for generations. This edition includes a detailed reform proposal for a 100 percent gold dollar, written before the last remnants of the gold standard were abolished. Rothbard's plan for restoring sound money remains relevant today. Critics have noted that while he identifies issues with money, he also offers solutions, uniting problem and answer in a comprehensive whole. He explores the fundamentals of money and banking theory, tracing the dollar's decline from the 18th century to the present, while critiquing central banking, New Deal policies, Nixon's fiat money, and fixed exchange rates. Rothbard advances the theory by demonstrating how only government can destroy money on a mass scale and detailing the mechanisms behind this process. His passion for the subject shines through, engaging readers and inspiring some, like Ron Paul, to pursue political office. He elucidates how banks create money and the role of the central bank in this process, while illustrating how exchange and interest rates would function in a true free market. Rothbard's meticulous analysis of the end of the gold standard highlights the various interest groups involved. Scholars now recognize this work as one of his most significant contributions, emphasizing the necessity