Statist Monetary Cranks

I have been writing refutations of monetary cranks for over half a century.

I wrote my first essay on a monetary crank, Gertrude Coogan, in 1965. Her book was Money Creators. It came out in the 1930’s in the Great Depression. That was the golden era of anti-gold standard fiat monetary cranks.

I wrote the essay because R. J. Rushdoony had been taken in by the cranks in the late 1950’s. Specifically, he read the greenbackers. He also read Mises, but he did not understand Mises’ monetary theory....