The Mystery of Banking is Murray Rothbard’s 1983 book explaining the modern fractional-reserve banking system and its origins. In his June 2008 preface to the 298-page second edition, Douglas E. French suggests the work also lays out the “...devastating effects on the lives of every man, woman, and child.”
Rothbard dedicated the book to Thomas Jefferson, Charles Holt Campbell, and Ludwig von Mises, all “Champions of Hard Money.”
Famous quotes containing the words mystery and/or banking:
“Macavity’s a Mystery Cat; he’s called the Hidden Paw—
For he’s the master criminal who can defy the Law.”
—T.S. (Thomas Stearns)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)