How Much Money Does an Economy Need?: Solving the Central Economic Puzzle of Money,Prices, and Jobs
| Author | : | |
| Rating | : | 4.72 (610 Votes) |
| Asin | : | 0975366270 |
| Format Type | : | paperback |
| Number of Pages | : | 185 Pages |
| Publish Date | : | 2015-03-27 |
| Language | : | English |
DESCRIPTION:
"An outstanding primer" according to George F. Smith. One of the most popular fallacies about money is that we need more of it as an economy grows. Furthermore, we should leave it up to Ben Bernanke and other government-appointed experts at the Federal Reserve to decide the exact amount of money we need at any given time. Isn't this one of the reasons the U.S. decided to abandon the gold standard, because it restricted the supply of money? And isn't this a good reason to keep people from using gold as money, as FDR and later Nixon did?As the author explains, J. M. Keynes, the most influential economist of the 20th century, was a leading advocate of an easy money policy -- of a growing mone. "More is better when it comes to money, right?" according to Midwest Book Review. More is better when it comes to money, right? "How Much Money Does an Economy Need? Solving the Central Economic Puzzle of Money, Prices, and Jobs" takes an interesting approach, saying that some of the negatives that the economy experiences such as high unemployment, layoffs, and bust cycles are a necessary evil for overall success. A strange sort of wisdom but wisdom nonetheless, "How Much Money Does an Economy Need? Solving the Central Economic Puzzle of Money, Prices, and Jobs" is recommended for its alternative point of view.. "A fantastic summary of intelligent monetary policy" according to Robert Kirk. This is a short book but a very powerful one nonetheless. I have read many economic books and this is one of the better books I've read about the dangers of monetary policy and even though the author does lean a bit to the right and in an austrian way this book is very well balance and informative. I would recommend it to anyone with an intermediate or greater economic knowledge base and it will certainly add to their storehouse of knowledge. In summary, highly recommended.
How Much Money Does an Economy Need? takes a subject that most people find difficult to decipher and makes it easy to understand. This book is especially recommended for informed readers and public policy makers who want to get to the bottom of economics so that they can make better choices.. Not only easy, but fascinating, with startling insights in every chapter