Roland Baader Geldsozialismus Pdf 14
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Roland Baader: Geldsozialismus - A Critique of the State-Monopolized Money System
Roland Baader (1940-2012) was a German economist and a prominent advocate of classical liberalism and the Austrian School of economics. He was a student of Friedrich August von Hayek and a member of the Mont Pelerin Society. He wrote several books and articles on topics such as the welfare state, the gold standard, free banking, inflation, business cycles, and the moral foundations of capitalism.
One of his most influential works is Geldsozialismus (Money Socialism), published in 2010. In this book, Baader exposes the flaws and dangers of the state-monopolized money system, which he considers to be the root cause of most economic and social problems in the modern world. He argues that money is not a neutral medium of exchange, but a vital institution that affects the allocation of resources, the distribution of income, and the structure of society. He shows how the state, through its control over money creation and interest rates, manipulates the market process and distorts economic signals. He also explains how the state's inflationary policies lead to debt accumulation, financial instability, business cycles, and moral decay.
Baader proposes two alternative systems to replace the state-monopolized money system: the gold standard or free banking. He defends the gold standard as a natural and stable monetary system that preserves the purchasing power of money and prevents inflation. He also advocates free banking as a system of competing currency providers that would offer consumers a choice of money and ensure its quality and quantity. He claims that both systems would foster economic freedom, efficiency, and justice.
Geldsozialismus is a powerful and provocative critique of the state's intervention in money matters. It challenges the conventional wisdom and exposes the hidden costs and consequences of money socialism. It is a must-read for anyone interested in understanding the nature and role of money in a free society.
You can download a free PDF version of Geldsozialismus from this link. The book is in German, but you can use an online translator to read it in your preferred language.
The book consists of eight chapters, each dealing with a different aspect of money socialism. The first chapter explains the nature and function of money as a medium of exchange, a unit of account, and a store of value. It also discusses the origin and evolution of money from commodity money to fiat money. The second chapter analyzes the role and structure of banks and central banks in the money system. It shows how fractional reserve banking creates money out of thin air and how central banks manipulate the money supply and interest rates. The third chapter examines the effects of debt on the economy and society. It exposes the fallacy of public debt as a form of saving and warns about the dangers of excessive private debt. It also criticizes the Keynesian doctrine of deficit spending as a stimulus for economic growth.
The fourth chapter deals with the phenomenon of inflation and deflation. It defines inflation as an increase in the money supply and deflation as a decrease in the money supply. It argues that inflation is always harmful and unjust, while deflation is natural and beneficial. It also explains how inflation erodes the purchasing power of money, distorts relative prices, redistributes wealth, and encourages speculation. The fifth chapter explores the causes and consequences of business cycles. It presents the Austrian theory of the trade cycle, which attributes economic booms and busts to the artificial expansion and contraction of credit by central banks. It also criticizes the mainstream theories of business cycles, such as monetarism, Keynesianism, and new classical economics.
The sixth chapter reviews the history and ideas of some prominent economists who have contributed to the understanding or misunderstanding of money and its role in the economy. It praises the contributions of classical economists such as Adam Smith, David Ricardo, Jean-Baptiste Say, Carl Menger, Eugen von BÃhm-Bawerk, Ludwig von Mises, Friedrich August von Hayek, Murray Rothbard, and Hans-Hermann Hoppe. It also criticizes the errors and fallacies of interventionist economists such as John Maynard Keynes, John Kenneth Galbraith, Milton Friedman, Paul Samuelson, Paul Krugman, Joseph Stiglitz, and Ben Bernanke. The seventh chapter discusses the current global financial crisis that started in 2007. It identifies its root causes in the state-monopolized money system and its symptoms in the housing bubble, the subprime mortgage crisis, the banking crisis, the sovereign debt crisis, and the euro crisis. It also evaluates the policy responses to the crisis by governments and central banks.
The eighth and final chapter proposes some solutions to overcome money socialism and restore a sound and free monetary system. It advocates either a return to the gold standard or a transition to free banking as viable alternatives to state-monopolized fiat money. It also suggests some practical steps for individuals to protect themselves from inflation and financial instability. aa16f39245