Money does not come from the state! Actually, no one believes that statement. But they should. That is because America, like every other country in the world, has a pure paper money system, in which new money is created out of thin air. Andreas Marquart and Philipp Bagus show you how money arises and why our current money is bad money. You will learn how important good money is for an economy and what influence bad money has on everyone in society.
What role does the state, government, and politics play in redistribution in favor of the super-rich? Why is a naive faith in the state anything other than a good strategy for the future for each individual citizen?
Anyone who has never really trusted politicians — even if it started out as only a gut feeling — will find confirmation in this book that this gut feeling was right all along. An easy to understand introduction to the question of why money is responsible for so many problems in our society.
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Philipp Bagus studied economics in Münster, Germany and in Madrid, Spain. He received his Ph D under Prof. Jesús Huerta de Soto on the subject of deflation. He is a professor at the Universidad Rey Juan Carlos in Madrid. He teaches introduction to economics, principles of microeconomics and macroeconomics, and the methodology of the Austrian school. Dr. Bagus is the author of In ‘Defense of Deflation’, ‘The Tragedy of the Euro’ and ‘Deep Freeze, Iceland’s Economic Collapse’ (Co-authored).
Andreas Marquart is chairman of the Ludwig-von-Mises-Institut Deutschland (The Ludwig von Mises Institute of Germany). After leaving school, he undertook a ‘classical’ education at a bank and after 15 years as a banker, went freelance in 1998, now working as an investment advisor in the financial industry. His financial advice is grounded in the Austrian school of economics. You can learn more about him at: http://austrianconsultant.de/.
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