The Ethics of Money Production, Hulsmann Jorg Guido

There is a reason that this book has been translated to Chinese, German, Spanish, Czech, and there are many more on the way. This book hits the intellectual sweet spot, speaking to the issues that are driving economic events right now. We MUST deal with the money problem in a principled way, else we never get back on the course of sustainable prosperity.By money production, the author is speaking not in the colloquial sense of the phrase making money, but rather the actual production of money as a commodity in the whole economic life. The choice of the money we use in exchange is not something that needs to be established and fixed by government.In fact, his thesis is that a government monopoly on money production and management has no ethical or economic grounding at all. Legal tender laws, bailout guarantees, tax-backed deposit insurance, and the entire apparatus that sustains national monetary systems, has been wholly unjustified. Money, he argues, should be a privately produced good like any other, such as clothing or food.