The Origins of the Federal Reserve pdf

Murray Newton Rothbard fue un influyente historiador estadounidense, teórico de la ley natural y economista de la Escuela Austriaca que ayudó a definir el libertarismo moderno. Rothbard llevó el énfasis de la Escuela Austriaca en el orden espontáneo y la condena de la planificación central a una conclusión anarquista individualista, a la que denominó "anarcocapitalismo".

The Origins of the Federal Reserve pdf por 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.