The Function of Money

Good article by Steven Baker, at the Cobden Centre, on Mises' A Theory of Money and Credit.

It's great to see more and more Austrianism being promoted by English web sites, and Austrianism taking a greater hold over the English libertarian 'scene', particularly the 'London Libertarian' scene.

Let us hope this snowball keeps growing.

Here is my comment, on the post:

Jack Maturin March 29th, 2010 at 20:03

“The Theory of Money and Credit” can be quite hard work, for first-time Austrians. If anyone has tried to read it and fallen away by the middle of the first chapter, despite good intentions, a much easier introductory read is by the key American student of Mises, Murray Rothbard, and his superb ‘Mystery of Banking’, which covers much of the same ground, but in a much less painstaking way:

=> http://mises.org/Books/mysteryofbanking.pdf

There’s a great introductory article to the book, by Joseph Salerno, here:

=> http://mises.org/daily/3116

Once you’ve cracked ‘The Mystery of Banking’, the deeper ‘A Theory of Money and Credit’ becomes much more accessible.