Seminal essays on the ideal monetary system. Includes Murray Rothbard's essay arguing that Mises's regression theorem refutes the Hayekian competitive currency scheme. Hans F. Sennholz surveys the pro-gold monetary writings of Carl Menger. Roger Garrison addresses the Friedmanite criticism that a gold standard is too costly. Richard Ebeling examines Ludwig von Mises's views on gold. Lawrence White merges free banking with the gold standard. And Ron Paul provides a political agenda showing that gold and freedom are inseparable.

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