The Case Against the Fed

The Case Against the Fed

by Murray N. Rothbard
by Murray N. Rothbard

Introduction: Money and Politics
1. The Genesis of Money
2. What is the Optimum Quantity of Money?
3. Monetary Inflation and Counterfeiting
4. Legalized Counterfeiting
5. Loan Banking
6. Deposit Banking
7. Problems for the Fractional–Reserve Banker: The Criminal Law
8. Problems for the Fractional–Reserve Banker: Insolvency
9. Booms and Busts
10. Types of Warehouse Receipts
11. Enter the Central Bank
12. Easing the Limits on Bank Credit Expansion
13. The Central Bank Buys Assets
14. Origins of the Federal Reserve: The Advent of the National Banking System
15. Origins of the Federal Reserve: Wall Street Discontent
16. Putting Cartelization Across: The Progressive Line
17. Putting a Central Bank Across: Manipulating a Movement, 1897–1902
18. The Central Bank Movement Revives, 1906–1910
19. Culmination at Jekyll Island
20. The Fed at Last: Morgan–Controlled Inflation
21. The New Deal and the Displacement of the Morgans
22. Deposit "Insurance"
23. How the Fed Rules and Inflates
24. What Can Be Done?
Notes