Joseph Salerno writes, "With the US housing crisis metamorphosing into a full-blown financial crisis in the United States and Europe and the specter of a global stagflation looming larger every day, the Fed's credibility and reputation is evaporating with the value of the US dollar. The time is finally ripe to publish this new edition of the book that asked the forbidden question about the Fed and fractional-reserve banking when it was first published 25 years ago."
Read for free at "http://www.mises.org/Books/mysteryofbanking.pdf".
Or buy a copy at "http://www.mises.org/store/Mystery-of-Banking-P528.aspx".
The Mystery of Banking - Joseph T. Salerno - Mises Institute
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