When it comes to sound money and fiat paper, we libertarians are nearly always dismissed as cranks. Why, don’t we know that we need the government to be able to create whatever amount of money the experts think best? Don’t we know this system has worked much more smoothly than the gold standard ever did? Don’t we know our system will lead to “deflation”?
In today’s episode I take all this on.
Ep. 1166 Everyone Is Wrong About Money Except the Austrian School
Ep. 721 The Moral and Material Disasters of Fiat Money (Philipp Bagus)
Ep. 529 Leftist Site Attacks Gold Standard; Here’s Our Smackdown (Joe Salerno and Jeff Herbener)
Ep. 518 Woods Speech: What Has Government Done to Our Money?
Ep. 477 Hans Hoppe on How and Why the State Controls Money and Banking
Ep. 135 Money, Sound and Unsound (Joe Salerno)
Bob Murphy Book Mentioned
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Audio by Chris Williams Audio.