The Mystery of Banking (Large Print Edition) by Douglas E French

The Mystery of Banking (Large Print Edition) by Douglas E French

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The Mystery of Banking (Large Print Edition) by Douglas E French

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Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best textbook for college classes on the topic. This is because its expositional clarity--in its history and theory--is essentially unrivaled.Most notably, he uses the T-account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional-reserve banking and how it sets the stage for centralization, inflation, and the boom-bust cycle.But there is more. This book provides an explanation of money's origins and its meaning in the free market. The abstract theory is here, but always with real application to history and modern banking practice. Never does a paragraph go by without an example drawn from his massive knowledge of the subject.
SKU Unavailable
ISBN 13 9781479163175
ISBN 10 1479163171
Title The Mystery of Banking (Large Print Edition)
Author Douglas E French
Condition Unavailable
Binding Type Paperback
Publisher Createspace Independent Publishing Platform
Year published 2010-01-01
Number of pages 322
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.