The Origins of the Federal Reserve PDF

Murray Newton Rothbard war ein einflussreicher amerikanischer Historiker, Naturrechtstheoretiker und Ökonom der Österreichischen Schule, der zur Definition des modernen Libertarismus beitrug. Rothbard brachte die Betonung der österreichischen Schule auf spontane Ordnung und Verurteilung der zentralen Planung zu einer individualistisch-anarchistischen Schlussfolgerung, die er "Anarcho-Kapitalismus" nannte.

The Origins of the Federal Reserve pdf von Murray Rothbard

Where did this thing called the Fed come from? Murray Rothbard has the answer here -- in phenomenal detail that will make your head spin. In one extended essay, one that reads like a detective story, he has put together the most comprehensive and fascinating account based on a century's accumulation of scholarship.The conclusion is that the Fed did not originate as a policy response to national need. It wasn't erected for any of its stated purposes. It was founded by two groups of elites: government officials and large financial and banking interests. Rothbard adds a third critical element: economists hired to give the scheme a scientific patina.This excerpted chapter from Rothbard's History of Money and Banking is as scholarly as it is hair raising. This is one economic historian who fears not naming names and assigning blame.