Fantastic book by one of the great minds of Austrian economics. Goes into the detail behind the confusing flow of money in a central bank system, and in particular the US Federal Reserve system. Explains inflationary and deflationary insentives put in place and used by these institutions. Also good explanation of the differences between a warehouse and commidity view of banking as well as touching on some of the legal precedences regarding this question. At the end is a brief historical summary of banking in the US. A must read for understanding money supply, inflation, and the current jargon around the fed and the US economy.