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Who better to present a point by point "academic case" for HONEST MONEY than a professor of economics?
Though this book is not written for the beginner, it is far more "beginner friendly" than most of the other scholarly efforts I've read. If you have a fairly decent grasp of economic terminology and concepts, you will definitely walk away with a deeper understanding of the fraud known as "fractional reserve banking." More importantly, the author lays out a bullet proof case for an "Honest Money" solution. --An extremely impressive collection of information and well-reasoned arguments.
From Amazon.com:
Can the market fully manage the money and banking sector? Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and without the economic instability that has characterized the age of government control.
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Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a decisive vindication of the Misesian-Rothbardian perspective on money, banking, and the law.
Jörg Guido Hülsmann has said that this is the most significant work on money and banking to appear since 1912, when Mises's own book was published and changed the way all economists thought about the subject.
