Like all changes that would improve the American economy and restore American liberties, sound money — money beyond the ability of governments to manipulate and multiply at will — is treated with derision and contempt by the political and media establishments. That should be clue number one of how important and worthwhile it is.
Here are a couple of videos that can introduce you to the subject painlessly.
Smashing Myths and Restoring Sound Money:
Answering the Same Old Arguments Against Sound Money:
On inflation, and money in general, there is no getting around Murray Rothbard’s What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar, which can also be listened to.
On deflation, I recommend the following sources:
Articles and Monograph:
“Deflation and Depression: Where’s the Link?” by Joseph T. Salerno
“Apoplithorismosphobia” (.pdf) by Mark Thornton. (Thornton coined the term to refer to the fear of deflation.)
“An Austrian Taxonomy of Deflation – With Applications to the U.S. by Joseph T. Salerno
“Optimal Monetary Policy” by Jörg Guido Hülsmann
Deflation and Liberty by Jörg Guido Hülsmann; audiobook
On booms and busts before the Fed, see this video:
For more on these subjects, check out our Learn Austrian Economics resource.
Want to unlearn the propaganda we got in school, and at last be taught real history and economics? Liberty Classroom, founded by bestselling author Tom Woods, offers on-demand, downloadable courses in sound economics as well as U.S. and European history, taught by professors who share your commitment to liberty. Learn in your car, a little each day, and make yourself a formidable debater for the cause of freedom. Find out more!