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The Mystery Of Banking

1983

by Rothbard

BankingCentral BankingFree BankingMises InstituteMonetary TheoryMurray RothbardMoney SupplyAustrian SchoolFederal ReserveInstitutionalismLudwig von MisesDavid RicardoGold StandardInflationEquilibriumMicroeconomicsPrice MechanismProfit and LossSupply and DemandMonetary EquilibriumPrice LevelMacroeconomicsPurchasing PowerDavid HumeFiat MoneyJohn Maynard KeynesIndustrial RevolutionWeimar RepublicInterest RatesWilliam Stanley JevonsBanknotesBusiness CyclesLegal TenderWalter BagehotDiscount RateOpen Market OperationsCredit ExpansionBank of EnglandMercantilismCurrency SchoolMonopolyDeflationBusiness Cycle TheoryDeficit SpendingMonetary PolicyWorld War IBretton WoodsGreat DepressionStagflationLiquidityMonetary ReformBanking SchoolEconomic History

Table of Contents · 51 segments

1
Front Matter and Table of Contentsfront_matter
2
Preface by Douglas E. Frenchpreface
3
Foreword by Joseph T. Salernoforeword
4
Money: Its Importance and Originschapter
5
The Money Unit and Debasementchapter
6
What Determines Prices: Supply and Demandchapter
7
Money and Overall Priceschapter
8
Why Overall Prices Changetheoretical
9
The Impact of Money Supply and Demand on Purchasing Powertheoretical
10
The Supply of Money and the Optimal Supply Myththeoretical
11
The Angel Gabriel Model and the Process of Inflationtheoretical
12
Gold Standard, Counterfeiting, and Government Paper Moneytheoretical
13
Historical Origins of Paper Money and the Road to Fiattheoretical
14
Determinants of the Demand for Moneytheoretical
15
Inflationary Expectations and the Three Phases of Inflationtheoretical
16
Loan Banking: Intermediation and T-Accountstheoretical
17
The Evolution of Loan Banking Institutionstheoretical
18
Warehouse Receipts and the Nature of Deposit Bankingchapter
19
The Legal Distinction Between Bailment and Debtchapter
20
The Temptation of Embezzlement in Warehousingchapter
21
Deposit Banking and the Evolution of Fractional Reserveschapter
22
The Legalization of Fractional Reserve Banking: Carr v. Carr to Foley v. Hillchapter
23
Anomalies in American Banking Lawchapter
24
Fractional Reserve Banking: The Mechanics of Inflation and Fraudchapter
25
Bank Notes and Demand Depositstheoretical
26
Free Banking and the Limits on Bank Credit Inflationchapter
27
Central Banking: Removing the Limitschapter
28
The Demand for Cash and Its Impact on Bank Reservestheoretical
29
The Demand for Gold and Central Bank Loanstheoretical
30
Open Market Operations: The Engine of Inflationtheoretical
31
The Process of Bank Credit Expansion Across the Banking Systemtheoretical
32
The Central Bank and the Treasury: Monetizing the Debttheoretical
33
The Origins of Central Banking: The Bank of Englandchapter
34
Free Banking in Scotlandchapter
35
The Peelite Crackdown, 1844–1845chapter
36
Central Banking in the United States I: The Bank of North America and the First BUSchapter
37
The War of 1812 and the Suspension of Specie Paymentschapter
38
The Second Bank of the United States and the Panic of 1819chapter
39
The Jacksonian Movement and the Bank Warchapter
40
Decentralized Banking and the Suffolk Systemchapter
41
The Civil War and the National Banking Systemchapter
42
The National Banking Era and the Origins of the Federal Reserve Systemchapter
43
The Inflationary Structure of the Fedchapter
44
The Inflationary Policies of Benjamin Strong and the House of Morganchapter
45
Conclusion: The Road to Fiat Money and the Great Depressionchapter
46
Defining the Money Supply: The Problem of the Mschapter
47
Federal Reserve Control and the Mechanics of Pyramidingchapter
48
How to Return to Sound Moneychapter
49
Appendix: The Myth of Free Banking in Scotlandessay
50
The Free-Banking Theorists Reconsideredessay
51
Index and Foreword by Joseph T. Salernobibliography