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Publisher's Summary

Murray Rothbard discusses:

  • Why the United States replaced specie with fiat currency
  • The early days of American banking after the Revolutionary War
  • Early central banks and the ultimate creation of the Federal Reserve
  • How the Federal Reserve causes the boom/bust business cycle
©2017 Murray Rothbard (P)2017 Listen and Think Audio

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Excellent Book - Great Audiobook!

Though this is a brief audiobook, it is a terrific summary overview of the Federal Reserve's reason for existence. Also, Marcus Freeman excelled in his presentation of the text.