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Source link: http://archive.mises.org/4641/beware-the-alchemists/

Beware the Alchemists

February 3, 2006 by

Beware the Alchemists” by Ludwig von Mises is a book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s. It appears on Mises.org for the first time. It is permanently archived here. A special thank you to Mrs. Greaves (mail) for making this wonderful essay available.


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  • Capitalism,
    Rich and Poor
  • href="http://mises.org/daily/2030#debasement">Currency
    Debasement
  • href="http://mises.org/daily/2030#professors">The Quantity of Money
  • href="http://mises.org/daily/2030#monetary_problems">Two
    Monetary Problems
  • href="http://mises.org/daily/2030#deficit_financing">Deficit
    Financing
  • href="http://mises.org/daily/2030#trade_cycle">Credit
    Expansion
  • href="http://mises.org/daily/2030#balance_of_payments">The
    Balance of Payments
  • Interbank
    Liquidity
  • href="http://mises.org/daily/2030#world_bank">Do We Need
    a World
    Bank?
  • href="http://mises.org/daily/2030#conclusion">Conclusion

{ 2 comments }

Chris Meisenzahl February 3, 2006 at 8:59 am

Great stuff, thank you!

Ike Hall February 9, 2006 at 11:52 am

Mrs. Greaves,

Thank you very much for this series of lectures, and for your efforts in transcribing and editing them. This is perhaps the most concise introduction to the great man’s thoughts that I’ve read. A classic excerpt:

“When you destroy the monetary system, you are destroying in some regards the basis of all interhuman relations. If one talks of money, one talks about a field in which governments were doing the very worst thing which could be done, destroying the market, destroying human cooperation, destroying all peaceful relationships between men.”

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