Money, Bank Credit, and Economic Cycles

Get ready to revolutionize your understanding of money and banking. In this comprehensive and sweeping treatise, Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, provides a complete reconstruction of the legal framework for money and banking. Through his lens of Austrian business cycle theory and the Misesian-Rothbardian perspective on money, banking, and the law, de Soto presents a wholesale critique of fractional-reserve banking and central banking. With an astounding 875 pages of meticulously researched analysis, this book is the most significant work on money and banking since 1912, and an absolute must-read for serious students of economics.