Our currency system needs to be reformed. The crisis of public finances and financial markets has revealed a significant weakness in Western economies: the nationalized currency system. Guido Hülsmann points out the problems that have arisen since the departure from the gold standard in 1971. Since today no currency is linked to gold or silver, the money creation by central banks and commercial banks is practically unlimited. Many economists view this new freedom as a great civilizational advance, while Hülsmann and the economists of the Austrian School assess this development critically. In easily understandable language, Hülsmann explains the complex relationships between finance and the state. He characterizes the fundamental importance of saving and explains why it cannot be replaced by money creation.