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First published 2008

The Case Against the Fed

The Case Against the Fed by Murray N. Rothbard is available as a free PDF and EPUB download at freecapitalists.org.

Author
Murray N. Rothbard
First published
2008
Format
PDF and EPUB
Pages
164
ISBN
9780945466178
Publisher
Mises Institute
License
Published here by permission.

Money, banking & crises

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.

The contents of this volume include:

  • Introduction: Money and Politics
  • The Genesis of Money
  • What is the Optimum Quantity of Money?
  • Monetary Inflation and Counterfeiting
  • Legalized Counterfeiting
  • Loan Banking
  • Deposit Banking
  • Problems for the Fractional-Reserve Banker: The Criminal Law
  • Problems for the Fractional-Reserve Banker: Insolvency
  • Booms and Busts
  • Types of Warehouse Receipts
  • Enter the Central Bank
  • Easing the Limits on Bank Credit Expansion
  • The Central Bank Buys Assets
  • Origins of the Federal Reserve: The Advent of the National Banking System
  • Origins of the Federal Reserve: Wall Steet Discontent
  • Putting Cartelization Across: The Progressive Line
  • Putting a Central Bank Across: Manipulating a Movement, 1897-1902
  • The Central Bank Movement Revives, 1906-1910
  • Culmination at Jekyll Island
  • The Fed at Last: Morgan-Controlled Inflation
  • The New Deal and the Displacement of the Morgans
  • Deposit "Insurance"
  • How the Fed Rules and Inflates
  • What Can Be Done?

Also here, free

Listen to The Case Against the Fed, a free recorded reading (25 recordings, 5.1 hours). Stream it here or download the audio.

Questions

About this book and this copy

Is The Case Against the Fed free to download?
Yes. The complete 164-page PDF and EPUB downloads directly from this page (10.3 MB). There is no signup, no account and no paywall.
How long is The Case Against the Fed?
164 pages, 28 chapters, and about 40,909 words in the edition this archive serves.
Is The Case Against the Fed in the public domain?
No. This edition is published here by permission and the work itself reserves all rights. It is free to read and download from this archive, but it is not public domain and not Creative Commons.
Is there an audiobook of The Case Against the Fed?
Yes. This archive holds a free recorded reading (25 recordings, 5.1 hours). It streams in the browser or downloads as audio, at no cost and with no signup.
Who wrote The Case Against the Fed?
Murray N. Rothbard (1926–1995) was an American economist, economic historian, and libertarian political philosopher, and perhaps Ludwig von Mises’s most important American student, attending Mises’s NYU seminar in the 1950s. He earned a B.A. This archive holds 98 of Rothbard's works.

What's in it

28 chapters · 40,909 words · free to read here

  1. Cover Image
  2. Introduction: Money and Politics
  3. The Genesis of Money
  4. What is the Optimum Quantity of Money?
  5. Monetary Inflation and Counterfeiting
  6. Legalized Counterfeiting
  7. Loan Banking
  8. Deposit Banking
  9. Problems for the Fractional-Reserve Banker: The Criminal Law
  10. Problems for the Fractional-Reserve Banker: Insolvency
  11. Booms and Busts
  12. Types of Warehouse Receipts
  13. Enter the Central Bank
  14. Easing the Limits on Bank Credit Expansion
  15. The Central Bank Buys Assets
  16. Origins of the Federal Reserve: The Advent of the National Banking System
  17. Origins of the Federal Reserve: Wall Street Discontent
  18. Putting Cartelization Across: The Progressive Line
  19. Putting a Central Bank Across: Manipulating a Movement, 1897-1902
  20. The Central Bank Movement Revives, 1906-1910
  21. Culmination at Jekyll Island
  22. The Fed at Last: Morgan-Controlled Inflation
  23. The New Deal and the Displacement of the Morgans
  24. Deposit "Insurance"
  25. How the Fed Rules and Inflates
  26. What Can Be Done?
  27. Index
  28. Notes
Portrait of Murray N. Rothbard

About the author

Murray N. Rothbard 1926–1995

Murray N. Rothbard (1926–1995) was an American economist, economic historian, and libertarian political philosopher, and perhaps Ludwig von Mises’s most important American student, attending Mises’s NYU seminar in the 1950s. Read more about Murray N. Rothbard.

In the lecture archive

Lectures that discuss The Case Against the Fed

10 recorded talks in this archive name this book. The 6 that discuss it most, each linked to the moment it comes up:

  • Eliminating Monetary Externalities

    Philipp Bagus · Austrian Scholars Conference 2011

    I first wanted to call my book The Case Against the Euro in honor of Rothbard's grades, The Case Against the Fed.

    Hear it at 2:29

  • 10. The Gold Standard in Theory and Myth (video)

    Joseph T. Salerno · Austrian School of Economics: Revisionist History and Contemporary Theory

    His newer plan is the following, this came out in his book, The Case Against the Fed.

    Hear it at 1:01:14

  • War and the Fed

    Llewellyn H. Rockwell Jr. · Central Banking, Deposit Insurance, and Economic Decline

    Rothbard's books, The History of Money and Banking in the Colonial Era to World War II, The Case Against the Fed, The Mystery of Banking, What Has Government Done to Our Money, provide the logical case and the empirical evidence …

    Hear it at 1:37

  • Freedom or Apocalypse

    Llewellyn H. Rockwell Jr. · Freedom: The One Way Out

    In the last year, we've published Murray and Rothbard's The Case Against the Fed and his Making Economic Sense, two classics, of clear thinking.

    Hear it at 38:09

  • The Progressive Era

    Thomas E. Woods, Jr. · History of Liberty

    You should all read Murray Rothbard's book, The Case Against the Fed.

    Hear it at 2:30

  • The Truly Unintended Effects of the Fed

    John Thompson · Individual Lectures

    … things the Fed does is it alters the money supply, or alters the amount In this book, The Case Against the Fed, Rothbard opens up with a little discussion on the money supply and what the optimal quantity of money …

    Hear it at 1:39

Community

Discussed on the forum

Threads on Mises Community, this archive's companion forum, whose titles name this book. These are reader conversations, not part of the archive.

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