How the Iraq War will affect the U.S. economy

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Editor's Choice:

Books on the History of Money:

"The military ratchet is the most important single influence in raising prices and reducing the value of money in the past 1,000 years, and for most of that time, debasement was the most common, but not the only, way of strengthening the 'sinews of war.'"

In this book Murray Rothbard traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history.

Milton Friedman won the Nobel Prize in Economics in 2000 for work related to A Monetary History