https://summarylibrary.com Structured book summaries, connected as a library. en https://summarylibrary.com/a-monetary-history-of-the-united-states https://summarylibrary.com/a-monetary-history-of-the-united-states Fri, 21 Aug 2026 12:00:00 GMT Money is a cause of American business fluctuations rather than a record of them, and the case rests on 1929-33, when the Federal Reserve let the stock of money fall by a third and had at every stage the means to prevent it. https://summarylibrary.com/debt-the-first-5000-years https://summarylibrary.com/debt-the-first-5000-years Fri, 21 Aug 2026 12:00:00 GMT Credit and debt reckoning came thousands of years before coinage, so the moral certainty that debts must always be repaid is not a fact about obligation but a political settlement that has been renegotiated many times. https://summarylibrary.com/denationalisation-of-money https://summarylibrary.com/denationalisation-of-money Fri, 21 Aug 2026 12:00:00 GMT A government monopoly on money is not a public utility that occasionally fails but the mechanism that produces the failure, and nothing short of competing issuers will end it. https://summarylibrary.com/the-bitcoin-standard https://summarylibrary.com/the-bitcoin-standard Fri, 21 Aug 2026 12:00:00 GMT The only property that decides whether something becomes and stays money is how hard it is to produce more of it, which makes bitcoin the successor to gold rather than a payment technology.