[ECON 04] • A History of Money and Banking in the United States · the Colonial Era to World War II

In what is sure to become the standard account, Rothbard traces inflations,

banking panics, and money meltdowns from the Colonial Period through the mid-

20th century to show how government's systematic war on sound money is the

hidden force behind nearly all major economic calamities in American history.

Never has the story of money and banking been told with such rhetorical power

and theoretical vigor. You will treasure this volume.

From the introduction by Joseph Salerno:

"Rothbard employs the Misesian approach to economic history consistently and

dazzlingly throughout the volume to unravel the causes and consequences of

events and institutions ranging over the course of U.S. monetary history, from

the colonial times through the New Deal era. One of the important benefits of

Rothbard's unique approach is that it naturally leads to an account of the

development of the U.S. monetary system in terms of a compelling narrative

linking human motives and plans that often-times are hidden, and devious,

leading to outcomes that sometimes are tragic. And one will learn much more

about monetary history from reading this exciting story than from poring over

reams of statistical analysis. Although its five parts were written

separately, this volume presents a relative integrated narrative, with very

little overlap, that sweeps across three hundreds years of U.S. monetary

history."