The Case Against the Fed

By Murray N. Rothbard

Synopsis: A book written by a respected and prolific Austrian economist which tells why a Central Bank (The Federal Reserve in America) is detrimental to the economy and society, and advocates its abolishment. This subject matter is relevant for review by Loyal to the Word because of the Federal Reserve's undoubted place in the "secret combination which shall be among you" in the last days (Ether 8:24).

Strong Points: The book is fairly well-written for the layman, and tells in a short form the story behind the founding of the Fed, and is especially interesting when it highlights the blatant hold which the bankers had over the politicans of the day to effect their plans. It also explains the basic principles of money, the nature of banking, and the fraudulent practice of fractional reserve banking which is foundational to the Federal Reserve System.

Weak Points: The book was quite short, unfortunately, even though there was quite a bit of story to tell. Also, although the book was well written, some concepts still could have used further clarification (or could have been aided by more diagrams), in order to make the message more understandable to the layman who is unfamiliar with many of the concepts.

Interesting: 3.5/5

Must Read: 2.2/5

Overall: 3.8/5

 
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