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Summary: A must-read for any patriot!
Review: The Federal Reserve Corporation has always been a favorite topic of mine. I once thought it a fine and needed organization but like Rothbard, I too, have discovered that it has outlived its usefulness, levies secret taxes on the people, and builds huge wealth for NY Bankers from the sweat, blood, and tears of the average American. It ought to be abolished.Why does it take two wage earners to acheive the same standard of living as one used to earn? Why do 90% of all Americans end up broke at 65 (retirement)? Why is the middle class dwindling? Why are the number of those in poverty increasing? Where is the money of hard-working Americans going? Read this book and find out. I too, believe in the goodness of man but I'm not so gullible as to believe that all men are good. Evil men do plot and deceive in order to gain wealth for themselves -- The Federal Reserve System is one such device. Rothbard did a fine job putting the complicated banking system into easily understandable, plain English. I recommend this book to anyone that wants their eyes opened. But beware, you might not like what you see!
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Summary: DANGER: The N.Y. Banking Cartel is the Federal Reserve!
Review: The Federal Reserve Corporation has always been a favorite topic of mine. I once thought it a fine and needed organization but like Rothbard, I too, have discovered that it has outlived its usefulness, levies secret taxes on the people, and builds huge wealth for NY Bankers from the sweat, blood, and tears of the average American. It ought to be abolished. Why does it take two wage earners to acheive the same standard of living as one used to earn? Why do 90% of all Americans end up broke at 65 (retirement)? Why is the middle class dwindling? Why are the number of those in poverty increasing? Where is the money of hard-working Americans going? Read this book and find out. I too, believe in the goodness of man but I'm not so gullible as to believe that all men are good. Evil men do plot and deceive in order to gain wealth for themselves -- The Federal Reserve System is one such device. Rothbard did a fine job putting the complicated banking system into easily understandable, plain English. I recommend this book to anyone that wants their eyes opened. But beware, you might not like what you see!
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Summary: The truth about the Federal Reserve System
Review: The most powerful case against the American central bank ever written. This work begins with a mini-treatment of money and banking theory, and then plunges right in with the real history of the Federal Reserve System. Rothbard covers the struggle between competing elites and how they converged with the Fed.
Rothbard calls for the abolition of the central bank and a restoration of the gold standard. His popular treatment incorporates the best and most up-to-date scholarship on the Fed's origins and effects.
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Summary: Great book !
Review: This book explains in a simple language how the Fed manipulates money supply.
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Summary: A must read for those with an open mind
Review: This book makes a great companion piece to "What Has Government Done To Our Money?", also by Rothbard. Though some of the information is duplicated between the two volumes, "The Case Against the Fed" is still well-worth reading. Am I wrong, or does Alan Greenspan seem more like some kind of Dictator for Life, everytime he makes a new interest rate hike. If you should read this book, you will see how ridiculous it is for Greenspan to talk about controlling inflation as if it were some outside force! Since the Fed controls the money supply, only they can create inflation! Someday, if enough of us become aware of the full truth, we will light our torches and go storm the monster's castle together, pull the castle down to the last brick and have the monster's head on a pike! In the meantime, read this book and then maybe pass it around to your friends (the ones with an open and curious mind).
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Summary: The Federal Reserve Under Attack
Review: This book, written by Murray Rothbard, an economist and historian of fairly well known repute, is a scathing attack on not only the Federal Reserve, but the interests that created this institution. Rothbard is an adept writer, as he takes a concept that can be fairly daunting and makes it accessible to the those readers without an economics background. I considered trying to earn a degree in Economics, but abandoned it when I found out that most of it is tied to higher mathematics. I'm more interested in the conceptual side. Rothbard cuts out math and focuses on the real meat of the issue, the concepts that govern money supply and inflation. The book starts by discussing the biggest problem with the Federal Reserve system, which is fractional reserve banking. Rothbard explains how this system is only functioning because people believe that it works. If there was a run on banks tomorrow, the entire financial system would collapse, because there isn't enough "real" money in reserve to cover all of the bank notes in circulation. Rothbard believes that it is the Fed that causes inflation, and that the Fed is the sole source of inflation in society. It can be a confusing issue to explain, but Rothbard makes it easy. The rest of the book is a detailed history of the creation of the central banking system. This part can be confusing due to the numerous names that Rothbard flies through as he traces the events leading up to the creation of the Fed at Jekyll Island in 1911. Several interesting points are made during this history. Rothbard says that the Progressive movement in American history was essentially engineered by the money interests to help destroy competition. The little guy couldn't afford to put up with all the regulatory laws passed by the government. This opened the way for the giants, such as Morgan and Rockefeller to monopolize industry. Another point that Rothbard makes is that the history of the United States from after the Civil War to World War Two has essentially been controlled by two financial camps, Morgan and Rockefeller. In this way, he supports views held by many that the big money trust controls the country and owns all of the politicians, an issue that is very much in vogue today, and can be seen in the minor success of Ralph Nader's run for the White House. The book winds up by saying that the only way to restore sanity is to go back to the gold standard, where all money is backed up by an equivalent amount of either gold or silver. I'd recommend this book to anyone with an interest in finance and economics. This book is good for anyone who just wants to understand what fractional reserve banking is and how it works. Rothbard died in 1995, but he has left a good account of himself behind for all to enjoy.
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Summary: Calling all conspirators
Review: This is an interesting view of the Fed. I agree with all the reviewers so far in that Rothbard has taken quite a complicated topic (how money is created, banked, regulated etc) and brought it down for all to understand. However, his paranoia and conspitorial themes overshadow his views for a return to the gold standard. What Rothbard fails to realize is that there are very powerful rational arguments both for and against the present system. It is a pity that his arguments against the system could not be presented unemotionally. The book is full of "counterfeiters" (the federal reserve sytem), fools (those of us that are duped by the banks) and of course the never to be forgotten token evil banker (Jewish, of course). Maybe I am naive, but I still believe in the goodness of people.
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Summary: Rothbard at his best
Review: This is definitly a great book.After reading it,you will realise that central banks,contrary to their own and establishment economists assertion, don't fight inflation,business cycles and financial bubbles ,THEY CREATE THEM!Even Alan Greenspan ,an ex-misesian is unable to resist the temptation to counterfeit since as Rothbard shows ,this is so lucrative for the Fed and their favorite groups.After reading this ,you will know the Fed's (and other central banks) true nature. Should be read together with Rothbard's AMERICA'S GREAT DEPRESSION to see the Feds role in creating the great depression.
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Summary: Rothbard At His Best
Review: Yet again, Rothbard exposes the truth. In this slim volume, he explains both the history and the theory behind the Fed and Central Banking as a whole. He is especially insightful on the inherent fraud behind the entire system of fractional reserve banking. The solution for the problem, free-banking and a 100% gold standard.
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