The fundamental principle of Law
"Het Fundamenteel Rechtsbeginsel - een essay over de grondslagen van het recht" ("The fundamental principle of law - an essay on the foundations of law") by dr. Frank van Dun. This masterpiece, available again for the first time in a quarter of a century, is a groundbreaking foundational text on the subject of natural law. This magisterial work is recommended for anyone seriously interested in the questions of law, justice, and the legitimacy of the state. We think it's worth learning Dutch for.
Table of contents (in Dutch)
What has Government done to our money?
Inflation, and now recession, has reared its ugly head again after a few years of moderate changes in the price level. Confronted with rising prices and unrest on the stock markets, it appears that commentators can only resort to fallacious explanations, while politicians and union leaders demand that government "do something" to "safeguard our purchasing power". One would infer that inflation is just a plague which has come upon us, without any reason, tormenting our economy - a natural disaster like a flood or an earthquake, which government should respond to quickly and aptly.
What Prof. Murray Rothbard saw, was that government intervention in the monetary system has always caused inflation and instability. In the very accessible classic "What Has Government Done To Our Money?", Rothbard starts by explaining how money operates in a free economy - how it emerges from barter, how private coinage comes to be, and what the proper role of banks is. Rothbard then turns to government intervention. Step by step, he explains what happens when governments control money.
His treatment is very clear, and packed with historical examples. In the last part of the book, Rothbard gives us an overview of monetary history from the nineteenth century on. He explains to the reader how the gold standard was abandoned during the twentieth century and replaced by a paper system, and how politicians have tried ever since to prevent this inherently unstable monetary and financial system from breaking down. Government intervention is unmasked as creating the very monetary problems it is said to solve.
This work makes the seemingly complex phenomena of money and inflation accessible to everyone, in an unparalleled way. Rothbard brilliantly interweaves monetary history, theory and policy into an easily understandable and thought-provoking whole, aimed at a large audience. In a time when the hard and unpleasant consequences of a bad monetary policy are hurting more and more people, Rothbard's analysis is needed more than ever.
By translating this book into Dutch, the Murray Rothbard Institute makes this terrific little work available to the 22 million Dutch-speaking people of Belgium and The Netherlands, in the heart of Western Europe.