Mises Wire

Was Rothbard an Auromaniac?

Was Rothbard an Auromaniac?

Sophistpundit gives What Has Government Done to Our Money (print, audio) a mostly favorable review, but he does have this reservation:

[Rothbard] makes a good case for opening up currency to the free market, but I think that his clear fixation with gold is a real flaw in the work. There is no denying the historical significance of gold as the means of exchange; it is even quite plausible to argue that it might one day take that role up again, somewhere. Yet Rothbard's argument for gold-backed currency seems entirely erroneous to what I would view as the more important analysis of free market currency.

What do you think?

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