This pioneering work by Jörg Guido Hülsmann, professor of economics at the University of Angers in France and the author of Mises: The Last Knight of Liberalism, is the first full study of a critically important issue today: the ethics of money production. 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. https://mises.org/library/ethics-money-production If you have learned something valuable, donate Bitcoin to Max: 3DqEnU6dW6bZesrVdThrrQjQKgN7dpY5vv https://tallyco.in/HillebrandMax Support the show by buying bitcoin on https://hodlhodl.com/join/ERCT Listen to WCN Audio Podcasts: https://itunes.apple.com/us/podcast/the-world-crypto-network-podcast/id825708806 Check out the brand new http://WorldCryptoNetwork.com/ Find out more about Max https://towardsliberty.com Follow WCN on Twitter: https://twitter.com/WorldCryptoNet Follow Max on Twitter: https://twitter.com/HillebrandMax Contribute to Max’s Bachelor Thesis on Multi Signature in Lightning Network Payments: https://github.com/MaxHillebrand/LightningMultiSig Bitcoin to the Max: https://youtube.com/playlist?list=PLPj3KCksGbSZtGhC7nIr_Mf1oCeP8U1tV Bitcoin Only: https://www.youtube.com/playlist?list=PLPj3KCksGbSYX2cNoOaV-w-9QuZ62LDk_ Read Rothbard ~ Use Bitcoin: https://youtube.com/playlist?list=PLPj3KCksGbSafpOorg0NdeVXGIPNqV_8a Open Source Everything: https://youtube.com/playlist?list=PLPj3KCksGbSb1h33FZbsrtr1feIIwTBHt Hackers Congress Paralelni Polis 2018: https://youtube.com/playlist?list=PLPj3KCksGbSY8xt-x-KoDb6L380odP_qu Baltic Honeybadger 2018: https://youtube.com/playlist?list=PLPj3KCksGbSZsgH48ZDxNdzRXbg_pvMnz Nodl Personal Bitcoin Assistant: https://www.youtube.com/playlist?list=PLPj3KCksGbSYvbhhUpIehNqnXFLkz1AD1 Bisq Decentralized Exchange: https://youtube.com/playlist?list=PLPj3KCksGbSZR33X7kJmDMwIEH-wrrpCJ ColdCard Wallet: https://youtube.com/playlist?list=PLPj3KCksGbSZJzC4besvtu8CSroBosrdt GPG + Yubikey: https://www.youtube.com/playlist?list=PLPj3KCksGbSZkVpgAZjAFfFp4D0SHLnFw Purism: https://youtube.com/playlist?list=PLPj3KCksGbSZm6k6GlJRhY6T7wSvoEWbG Bitcoin Op Tech Newsletter: https://youtube.com/playlist?list=PLPj3KCksGbSY9pV6EI5zkHcut5UTCs1cp What Has Government Done to Our Money? By Murray Rothbard: https://youtube.com/playlist?list=PLPj3KCksGbSbPVUAhYqILAYQ3uUbh2zOu Mises University: https://youtube.com/playlist?list=PLPj3KCksGbSanfYiAp8JSHxIjBm66yPf5 Hayek Summer Workshop: https://youtube.com/playlist?list=PLPj3KCksGbSbx7WQMTJAG6wLd4tK9Llr9