Show Notes
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#AustrianSchoolmonetaryhistory #FederalReservecriticism #goldstandarddiscipline #bankingpanicsinUShistory #NewDealmonetaryintervention #AHistoryofMoneyandBankingintheUnitedStates
A History of Money and Banking in the United States: The Colonial Era to World War II is a work of economic history by Murray N. Rothbard, published posthumously in 2002 from his archived manuscripts. The book examines the development of American money and banking from the Colonial Period through the New Deal era and into the mid-20th century, with a strong emphasis on inflation, banking panics, central banking, and the political institutions that shaped monetary policy. Written from an Austrian School perspective, it challenges standard narratives that portray the evolution of U.S. banking as a largely neutral process of modernization. Instead, Rothbard argues that repeated government intervention, rather than free-market failure, lies behind many of the country’s monetary disturbances. The book is substantial in scope and is aimed at readers who want a historically grounded critique of the Federal Reserve, the gold standard, and regulatory banking systems in the United States.