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The Case Against the Fed by Murray N. Rothbard

mkneuman's review

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A dry read...but interesting for money & banking or economics nerds. Fractional-reserve banking does appear inherently insolvent. However, it has pretty much worked for the past 70 years. The author, from a radically conservative school of economics, has some great points for further thought, particularly the Fed as the primary inflation-creator in our economy, but his suggestion that we return to the gold standard is unrealistic and extreme.
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