The Ethics of Money Production

Author: Joerg Guido Huelsmann
Publisher: Von Mises Institute
Keywords: production, money, ethics
Number of Pages: 280
Published: 2008
eBookDB-ID: B001N3H70O

Book Description:

280 pages. This pioneering work, in hardback, by Joerg Guido Huelsmann, professor of economics at the University of Angers in France and the author of Mises: The Last knight of Liberalism, is the first full study of a critically important issue today: the ethics of money production. He is speaking not in the colloquial sense of the phrase "making money," but rather the actual production of money as a commodity in the whole economic life. The choice of the money we use in exchange is not something that needs to be established and fixed by government. In fact, his thesis is that a government monopoly on money production and management has no ethical or economic grounding at all. Legal tender laws, bailout guarantees, tax-backed deposit insurance, and the entire apparatus that sustains national monetary systems, has been wholly unjustified. Money, he argues, should be a privately produced good like any other, such as clothing or food.

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