From the Book - Second Edition.
Machine generated contents note: Foreword Acknowledgments Prologue: Contra the Mainstream Consensus - What this book is about The Ruling Mainstream Consensus on Money The Growth-versus-inflation Trade Off What This Book Will Show Understanding Our Fiat Money System What is Different from the First Edition? Support from Eminent Economists Notes Part One: The Basics of Money Chapter 1 The Fundamentals of Money and Money Demand The Origin and Purpose of Money An Anthropologist's Challenge What Gives Money Value? (Almost) Any Quantity of Money Will Do The Demand for Money Are "Sticky" Prices a Problem? Other Functions of Money The Unique Position of the Paper Money Producer The Monetary Asset versus Other Goods Notes Chapter 2 The Fundamentals of Fractional-Reserve Banking The Origin and Basics of Fractional-Reserve Banking Who Owns "Deposited" Money? Exposing Misconceptions about Fractional-Reserve Banking "Free Banking" is Limited Banking Summary of Part One Notes Part Two: The Effects of Money Injections Chapter 3 Money Injections without Credit Markets Even, Instant, and Transparent Money Injection Even and Nontransparent Money Injection Uneven and Nontransparent Money Injection Notes Chapter 4 Money Injections via Credit Markets Consumption, Saving, and Investing Interest Interest Rates are Not Determined by Factor Productivity Money Injection via the Loan Market The Process in More Detail Policy Implications of the Austrian Theory Addendum: Gordon Tullock's Critique of the Austrian Business Cycle Theory and some words on "forced saving" An Example: U.S. Housing Boom and Bust Summary of Part Two Notes Part Three: Fallacies about the Price Level and Price Level Stabilization Chapter 5 Common Misconceptions Regarding the Price Level The Fallacy that a Stable Price Level Means "Neutral" Money The Fallacy that Hard Money is Unstable Money, Part 1 - History The Fallacy that Hard Money is Unstable Money, Part 2 - Theory Notes Chapter 6 The Policy of Stabilization Problems with Price Index Stabilization Addendum: The "Free Bankers" and the Theory of Immaculate Fractional-Reserve Banking Summary of Part Three Notes Part Four: A History of Paper Money and How We Got to Where We Are Now Chapter 7 A Legacy of Failure Paper Money Experiments 1914 - 2014 - A Century of Monetary Decay Notes Part Five: Beyond the Cycle - Paper Money's Endgame and The Future of Money Chapter 8 The Beneficiaries of the Paper Money System Paper Money and the Banks Paper Money and the State Paper Money and the Professional Economist Notes Chapter 9 The Intellectual Superstructure of the Present System The Alternative View: Individualism and Laissez-Faire The Mainstream View: Collectivism and Interventionism The Political Appeal of Mainstream Macroeconomics The Myth That Everybody Benefits from "Stimulus" Monetarism as Monetary Interventionism The Savings Glut Theory and the Myth of Underconsumption and Underinvestment Inflationism and International Policy Coordination Notes Chapter 10 Endgames - Inflationary Meltdown or Return to Hard Money? Paper Money Collapse Alternatives: Return to Hard Money A Return to a Gold Standard The Separation of Money and State Bitcoin - Money of No Authority Notes Epilogue: Money, Freedom, and Capitalism About the Author Index .
