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Paperback Money Mischief: Episodes in Monetary History Book

ISBN: 015661930X

ISBN13: 9780156619301

Money Mischief: Episodes in Monetary History

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Format: Paperback

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Book Overview

"A lively, enlightening introduction to monetary history...from monetarism's most articulate apostle."--Kirkus Reviews"The Oliver Stone of economics" (Chicago Tribune), Nobel Prize laureate Milton Friedman makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of value: from stones to feathers to gold. He outlines the central role of monetary theory and shows how it can act to ignite or deepen inflation. Through colorful historical episodes, he demonstrates the mischief that can result from a misunderstanding of monetary economics -- how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan and how Franklin D. Roosevelt's decision to appease a few senators from the American West helped communism triumph in China. And he explains, in plain English, what the present monetary system in the United States means for your paycheck and your savings as well as for the global economy.

Customer Reviews

7 customer ratings | 5 reviews

Rated 5 stars
Review for a Nobel Prize winner...

Review by a non Nobel Prize winner: Dirty details of the progress of our United States Currency are the theme of this book. If you like the arithmetic to pop out as you look at text, and are one who likes absorbing and detailed accounts which provide tools for thought, you should like this collection of papers and essays on money. I did.

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Rated 5 stars
AIMED AT MONETARY ECONOMISTS, NOT A GENERALIST BOOK

Many of Milton Friedman's previous books, especially "Free to Choose" are aimed at a popular audience, supporting the cause for freedom in many different aspects of society. With it, this book shares the brilliance and throughness of thought employed by Friedman, perhaps the most well known (if not the best) economist of the 2nd half of the 20th century. In "Money Mischief" Friedman enters the realm of monetary economics,...

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Rated 5 stars
A great introdcution to the importance of monetary policy

I must confess of my unbounded admiration for Milton Friedman. He has contributed so much to our understanding of the effects of monetary policy and has been such a tireless advocate for freedom that I must admit I am not impartial in any way, so readers beware.This book examines 10 different episodes in world history in which seemingly trivial policy choices towards money had profound, unexpected, and unforeseen consequences...

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Rated 5 stars
Friedman?s Case Against the Government Is Crystal Clear

Imagine a grand winning case that is laid before the Supreme Court to change the course of modern life around the world. Friedman starts at the very beginnings of money and traces its evolution in copious detail. As proceedings finally reach the summation which is the final chapter: "Monetary Policy in a Fiat World." I see the court in a unanimous wonderment over the masterful job that has been done by Friedman. Well, the...

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Rated 5 stars
A wonderful book!

I am not an economist. This book opened my eyes to how the government influences the economic progress of us all through money supply. It is easy to read and understand. I highly recommend it to any lay people with an interest in why we are subject to economic catastrophies. I would be very interested in other readers views on this book, so please email me at dgmw@hotmail.com .

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