The Curator travels 15 years back in time, an provide you with this masterpiece of a book. An absolute must read.
The Curator's resume:
The Ethics of Money Production is a book written by Jörg Guido Hülsmann, a German-Austrian economist and professor of economics at the University of Angers in France. The book was first published in 2008.
In the book, Hülsmann argues that the production of money should be subject to ethical principles, just like any other economic activity. He explores the history of money, the various forms of money that have been used throughout history, and the ethical implications of different monetary systems.
Hülsmann critiques the modern monetary system, which he sees as based on a system of fiat money, where money is not backed by any commodity such as gold or silver. He argues that this system is inherently unstable and prone to inflation and financial crises.
He then goes on to propose an alternative monetary system based on a free-market approach, where money is produced by private entities and subject to market competition. Hülsmann believes that such a system would be more stable and ethical, as it would be subject to market discipline and the rule of law.
Throughout the book, Hülsmann draws on the works of prominent economists such as Ludwig von Mises and Friedrich Hayek, as well as the teachings of the Austrian School of Economics. He also addresses common objections to his arguments, such as the claim that private money production would lead to a proliferation of different currencies and economic chaos.
It's a thought-provoking and informative book that challenges conventional wisdom about the nature of money and the role of government in its production. It is also an important contribution to the field of monetary economics.
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