Elgin Groseclose

Latest work

Roosevelt’s 1933 Gold Theft and Default

04/05/2023 Mises Wire Elgin Groseclose

[April 5 is the 90th Anniversary of Franklin Roosevelt’s executive order banning private ownership of gold. In this selection from Part III of America’s Money Machine: The Story of the Federal Reserve...

The Great Paper-Money Experiment

02/20/2021 Mises Daily Elgin Groseclose

[Excerpted from book 7, Money and Man.] The name of that ardent Scotsman, John Law, is short. His career was likewise short: he was comptroller general of France for less than five months in the year...

America’s Money Machine: The Story of the Federal Reserve

05/27/1980 Elgin Groseclose

Elgin Groseclose , an eminent monetary economist in the 20th-century , rips the roof off the Federal Reserve in this wonderful history that takes us from the Fed’s founding to the 1960s . He shows that the gap between the promise and the reality is

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.