The Ethics of Money Production
This pioneering work, in hardback, by Jorg Guido Hulsmann, professor of economics at the University of Angers in France and the author …
✒ Books read in 2020#11
A revision of why and how money is made and what qualifies as such a medium of exchange.
It also points out the danger of having the predominant monetary institutions of our age: central banks, paper money, and fractional reserve banking. Legal monopolies could become instruments of injustice that breed inflation, irresponsibility, and illicit distribution of income, usually from the poor to the rich.