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Money : How the Destruction of the Dollar Threatens the Global Economy -- And What We Can Do about It
by Steve Forbes and Elizabeth Ames


Overview - Why a return to sound money is our only hope for a true recovery and a healthy global economy

Few topics are as misunderstood today as the subject of money. Since the U.S. abandoned a gold-linked dollar more than four decades ago, the world's governments have slid into a dangerous ignorance of the fundamental monetary principles that guided the world's most successful economies for centuries.  Read more...


 
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More About Money by Steve Forbes; Elizabeth Ames
 
 
 
Overview
Why a return to sound money is our only hope for a true recovery and a healthy global economy

Few topics are as misunderstood today as the subject of money. Since the U.S. abandoned a gold-linked dollar more than four decades ago, the world's governments have slid into a dangerous ignorance of the fundamental monetary principles that guided the world's most successful economies for centuries. Today's wrong-headed monetary policies are now setting the stage for a new global economic and social catastrophe that could rival the recent financial crisis and even the horrors of the 1930s. Coauthored by Steve Forbes, one of the world's leading experts on finance, Money shows you why that doesn't need to happen--and how to prevent it.

After reading this entertaining and hugely well-informed book, you will know more about money than most people in the highest government positions today. Money explains why a return to sound money is absolutely essential if the U.S. and other nations are ever to overcome today's problems. Stable money, Steve Forbes and Elizabeth Ames argue, is the only way to a true recovery and a stable and prosperous economy.

Today's system of fluctuating "fiat" money, in which governments manipulate the value of the dollar and other currencies, has been responsible for the biggest economic failures of recent decades, including the 2008 financial crisis, from whose effects we continue to suffer. The Obama/Bernanke/Yellen Federal Reserve and its unstable dollar policies are accelerating our course toward disaster, the authors show, in numerous convincing examples. In Money, Forbes and Ames answer these crucial questions:

What is the difference between money and value? What is real wealth?
How does sound money contribute to a well-functioning society?
How have our money policy errors led to the current problems in global financial markets?
What can we do now to reestablish the strength of the dollar and other currencies?

The authors argue that the most effective way to return to a sound money policy and a healthy economy is to put the dollar back on a gold standard, and they outline the several different forms a gold standard could take. They also share invaluable suggestions for how to preserve our wealth and where to invest our money.

Money is essential reading for anyone interested in this crucially important subject.


 
Details
  • ISBN-13: 9780071823708
  • ISBN-10: 0071823700
  • Publisher: McGraw-Hill
  • Publish Date: June 2014
  • Page Count: 249
  • Dimensions: 9.24 x 6.4 x 0.99 inches
  • Shipping Weight: 1.08 pounds


Related Categories

Books > Business & Economics > Money & Monetary Policy
Books > Political Science > Public Policy - Economic Policy
Books > Business & Economics > International - Economics

 
Publishers Weekly Reviews

Publishers Weekly® Reviews

  • Reviewed in: Publishers Weekly, page .
  • Review Date: 2014-04-28
  • Reviewer: Staff

Forbes and Ames have previously coauthored books on capitalism (How Capitalism Will Save Us) and freedom (Freedom Manifesto) to pitch free market and libertarian views. Here they take aim at central bank policies that “reflect the political whims of government” and damage markets by “sending false signals.” Alarmed by a “fiat money” system, monetary expansion, and the possible destruction of the dollar, they advocate returning to a gold standard. Only a gold-based currency, they suggest, promises stability and an end to the injurious speculative volatility of the past 40 years. Forbes and Ames’s case can be persuasive, especially on “stimulus” and inflationary risk. Forbes, publisher and former presidential candidate, can deliver a large and enthusiastic audience; his decades-old idea of a flat tax remains popular. Anxious “gold bugs” are likely to eagerly seize the authors’ propositions. But barring apocalyptic events and world economic collapse, reactivating the gold standard remains unlikely in the near future; the Federal Reserve System and sovereign currencies seem here to stay. Forbes and Ames’s solutions will convince few political economists or bankers to change their minds, but they might respond that this is the heart of the problem. Agent: Jim Hornfischer, Hornfischer Literary Management. (June)

 
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