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

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