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 (on $ale here) 
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The Case Against the Fedby Murray Newton Rothbard
Review:courtesy: goodreads.comby Louis (Kennesaw, Georgia, U.S.A.) A friend recommended that I read this book after we had a short discussion about the Federal Reserve. I only understood the Fed from a very general perspective, and with the current financial crisis fresh in mind, I decided to delve into it. This book concludes with a detailed history of how the Federal Reserve was brought to life by those that would most benefit (in a true "fox guarding the henhouse" scenario), and how it has led to a long series of economic boom and bust cycles. However, from my perspective, the most valuable part was at the beginning, with a layman's explanantion of fractional-reserve banking and how money is created out of thin air, leading to the "invisible tax" of inflation. A very good primer for those interested in the financial structure we are operating under. Create your free online surveys with SurveyMonkey, the world's leading questionnaire tool.
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