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A review by george_odera
Blind Robbery!: How the Fed, Banks and Government Steal Our Money by Andreas Marquart, Philipp Bagus
5.0
As Bagus concedes, the most congruous title for this book would be Introduction to the Monetary
Theory of the Austrian School of Economics, a title which would not be appealing to the average reader. The book is enlightening, even for those who demur the Austrian school of thought. It is told in a story-telling prose, and the concept of money that is often arcane to macroecomists is explained to you like a five year old. Through money creation (after the collapse of the gold standard in 1971), we see how the state is an “expropriating property protector and a law-breaking law protector.” One of the best books I have read. Upon reading the book, your only regret will be that you didn't do it sooner.
Theory of the Austrian School of Economics, a title which would not be appealing to the average reader. The book is enlightening, even for those who demur the Austrian school of thought. It is told in a story-telling prose, and the concept of money that is often arcane to macroecomists is explained to you like a five year old. Through money creation (after the collapse of the gold standard in 1971), we see how the state is an “expropriating property protector and a law-breaking law protector.” One of the best books I have read. Upon reading the book, your only regret will be that you didn't do it sooner.