 | In this 75 page essay Murray Rothbard outlines his proposal for replacing the existing dollar with the equivalent of a 100 percent gold backed currency. In fact, he goes as far as to advocate, "the return to gold by every nation, at 100 percent of its particular currency, and the subsequent blending of all these international currencies into one gold-gram unit. In such a world, there would be no exchange rates except between gold and silver, for the national currency names would be abandoned for simple weights of gold, and all the world's money would at long last be freed from government intervention."
He also hits hard at the fractional reserve banking system and the FDIC and even advocates that individuals be able to print their own money. If you think that the latter is outrageous then, clearly, you must read this book.
Rothbard's opinion on the fractional reserve banking system is in contrast to Alan Greenspan's approach in Gold and Economic Freedom in Capitalism: the Unknown Ideal.
It is published by the Ludwig von Mises Intitute
http://www.mises.org/store/Case-for-the-100-Percent-Gold-Dollar-The-P64C1.aspx[[/A>
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The Case for the 100 Percent Gold Dollar by Murray N. Rothbard
