Rothbard shows how money must originate from a commodity. In an ideal system, a dollar would be a unit of weight, and paper money would operate strictly as warehouse receipts for the stock of the monetary metal. There would be no fractional reserve banking. Rothbard offers a rebuttal to the objections to a 100 percent gold dollar raised by Professor Leland Yeager.
![The Case for a 100 Percent Gold Dollar](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/case-for-100-percent-gold-dollar_rothbard_bookstore_20220712.jpg.webp?itok=V7Ej6yhu 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/case-for-100-percent-gold-dollar_rothbard_bookstore_20220712.jpg.webp?itok=wjM_xW8K 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/case-for-100-percent-gold-dollar_rothbard_bookstore_20220712.jpg.webp?itok=RUYfdJAv 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/case-for-100-percent-gold-dollar_rothbard_bookstore_20220712.jpg.webp?itok=MkDt_VL1 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/case-for-100-percent-gold-dollar_rothbard_bookstore_20220712.jpg.webp?itok=JDh4Fub9 1530w)
![Murray N. Rothbard](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/Murray%20Rothbard%20576x720.jpg.webp?itok=JMDOa5fM 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/Murray%20Rothbard%20576x720.jpg.webp?itok=MCpSSNXG 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/Murray%20Rothbard%20576x720.jpg.webp?itok=7Xq_cZDT 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/Murray%20Rothbard%20576x720.jpg.webp?itok=kLk99PHA 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/Murray%20Rothbard%20576x720.jpg.webp?itok=5gjnDSIw 1530w)
Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
Mises Institute, 2001