The Mystery of Banking (Large Print Edition) (Paperback) (ISBN-13: 9781479163175)

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Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best textbook for college classes on the topic. This is because its expositional clarity--in its history and theory--is essentially unrivaled.Most notably, he uses the T-account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional-reserve banking and how it sets the stage for centralization, inflation, and the boom-bust cycle.But there is more. This book provides an explanation of money's origins and its meaning in the free market. The abstract theory is here, but always with real application to history and modern banking practice. Never does a paragraph go by without an example drawn from his massive knowledge of the subject.

Author: Douglas E. French, Murray N. Rothbard
ISBN-10: 1479163171
ISBN-13: 9781479163175
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 01/01/2010
Pages: 322
Format: Paperback
Weight: 1.65lbs
Size: 11.00h x 8.50w x 0.67d
Large Print