The Case Against the Fed

The Case Against the Fed is a 1994 book by Murray N. Rothbard taking a critical look at the United States Federal Reserve, fractional reserve banking, and central banks in general. It details the history of fractional reserve banking and the influence that bankers have had on monetary policy over the last few centuries.

Contents

• The case against the fed part 1 41
• The case against the fed part 2 41
• References

Rothbard argues that the claim that the Federal Reserve is designed to fight inflation is sophistry, that price inflation is caused only by an increase in the money supply, and that since only banks increase the money supply, then banks, including the Federal Reserve, are the only source of inflation.