Guido Hülsmann’s The Ethics of Money Production is a masterclass both on the fundamentals of money and the disastrous moral consequences of monetary “policy.” Inflation is not only an economic problem which impoverishes us materially, but a deeply corrosive force in society for individuals. There is no better work to explain the broader implications of central banking which go almost totally unremarked in the financial press.
Podcaster Stephan Livera is a big fan of the book and joins the show to explain why you need to read it.
Guido Hülsmann’s The Ethics of Money Production: Mises.org/Ethics
Listen to Stephan’s podcast at StephanLivera.com
The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human action based on premises known with certainty to be true, and this is what we teach and advocate. Our scholarly work is founded in Misesian praxeology, and in self-conscious opposition to the mathematical modeling and hypothesis-testing that has created so much confusion in neoclassical economics. Visit https://mises.org