{"product_id":"murray-rothbard-ceramic-mug-mystery-of-banking-1983","title":"Murray Rothbard Ceramic Mug — The Mystery of Banking (1983)","description":"\u003cblockquote\u003e\n\u003cp\u003e\"Modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts.\"\u003c\/p\u003e\n\u003cp\u003e— Murray Rothbard, \u003cem\u003eThe Mystery of Banking\u003c\/em\u003e, 1983\u003c\/p\u003e\n\u003c\/blockquote\u003e\u003cp\u003eRothbard's argument rests on a distinction older than central banking: the difference between a deposit and a loan. A grain warehouse that issues receipts for more grain than it holds is committing fraud, and no one disputes it.\u003c\/p\u003e\u003cp\u003eRothbard held that a bank doing precisely the same thing with money is doing precisely the same thing, whatever the statute books say about it. \u003cem\u003eThe Mystery of Banking\u003c\/em\u003e walks the reader from that premise through the entire edifice of modern money, and it is short enough to finish over a few cups.\u003c\/p\u003e\u003ch3\u003eSpecifications\u003c\/h3\u003e\u003cul\u003e\n\u003cli\u003e11 oz ceramic, glossy white finish\u003c\/li\u003e\n\u003cli\u003ePencil-sketch portrait, printed both sides\u003c\/li\u003e\n\u003cli\u003eDishwasher and microwave safe\u003c\/li\u003e\n\u003cli\u003ePrinted on demand and shipped on fulfillment\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eHolds its full reserve. Every time.\u003c\/p\u003e","brand":"Good Brew","offers":[{"title":"Default Title","offer_id":42760788377667,"sku":"a17c5886-e07e-45e4-90d6-6433e7780700","price":18.85,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0635\/4737\/5683\/files\/eed956cc-54dc-4c49-8fd6-8653b85a016b.webp?v=1764556351","url":"https:\/\/cafe.tollbooth-dpyc.com\/products\/murray-rothbard-ceramic-mug-mystery-of-banking-1983","provider":"Good Brew","version":"1.0","type":"link"}