I also have Rothbard’s
A History Of Money And Banking In The United States. Now that’s a book that should be required reading for all. The electorate is unaware that it’s our own fractional reserve banking system and the central banks monetary policies that create the boom and bust in our economy since the creation of the Fed in 1913.
And inflation is highly misunderstood. Prices of everything cannot all go up if the stock of money in circulation remain constant. If we’re all paying more for gas then prices of everything else must come down
simply because we have less money to bid them up. Yet the financial dogma of today make it sound like it’s some alien being.
Panama has no central bank. Ever read that article?
