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LARGE PRINT EDITION! More at LargePrintLiberty.com Lots of people are harassed routinely by ministers and other believers who imagine that the Bible favors inflationary schemes, bans the paying and receiving of interest, and requires a government monopoly on money to fund glorious government projects to help people. This book by Gary North answers those views with chapter, verse, and an impressive account of the historical context for the Bible's teachings on money, banking, commerce, and trade.Who knew that the Bible had so much to say about the issues of money and banking? The issue is a serious one because of the important history here and also because the Bible is such a foundational part of public understanding of every issue of public life and morality.You can search the libraries for weeks and not find a guide as good as Gary North's detailed account of every mention of money and banking in both the Hebrew and Christian Scriptures.What he finds underscores what the hard-money tradition has long said. Governments engage in evil when they change the definition of money. Inflation is a danger to the individual and society. Governments that monopolize the monetary system are abusing their power. Governments cannot be trusted with money. That's the lesson.
LARGE PRINT EDITION! More at LargePrintLiberty.com While Mises' monetary writings should be required reading for any educated citizen, it can be challenging to parse some of the technical language. That is where Gary North comes in. In Mises on Money, Dr. North lucidly explains all the essential tenets of Mises' monetary theory, with his inimitable incisiveness and style. He methodically walks the reader through such topics as the origin of money, Mises' "regression theorem", fractional reserve banking, and the Austrian Business Cycle Theory. He explains why money is not "neutral," and why price stabilization is a chimera. After reading this short work, you will have a firm understanding of Austrian monetary theory, and will be in prime condition to tackle Mises' own writings on the subject.
Before Austrian economics came on the scene, monetary theory was a hodge-podge of disjointed insights. Nobody knew how to integrate those insights into a system, much less how to integrate monetary theory with the rest of economics.Carl Menger, founder of the Austrian School of Economics, started to unravel the mystery of money in the late 19th century. Ludwig von Mises finally cut the Gordian knot with his first magnum opus, The Theory of Money and Credit (1912), the most important single advance in monetary theory in the history of economic thought.In that treatise, Mises erected a theory of money of astounding originality that was complete and internally integrated: as well as externally integrated with modern, subjectivist economics in general. With this book, Mises completed the victory of the "marginal revolution" by extending its conquest to the monetary realm. In doing so, Mises finally made economics whole. In his later treatise, Human Action, Mises developed his theory further, making it even more rigorous.While Mises' monetary writings should be required reading for any educated citizen, it can be challenging to parse some of the technical language. That is where Gary North comes in. In Mises on Money, Dr. North lucidly explains all the essential tenets of Mises' monetary theory, with his inimitable incisiveness and style. He methodically walks the reader through such topics as the origin of money, Mises' "regression theorem," fractional reserve banking, and the Austrian Business Cycle Theory. He explains why money is not "neutral," and why price stabilization is a chimera. After reading this short work, you will have a firm understanding of Austrian monetary theory, and will be in prime condition to tackle Mises' own writings on the subject.Dr. North writes: "In summarizing Mises's theory of money, I cover five themes: the definition of money; the optimum quantity of money and its corolary, stable prices; fractional reserve banking, and how to inhibit it; and the monetary theory of the business cycle. They are closely interrelated. Mises's system was a system."
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