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Friedman makes clear once and for all that no one is immune from monetary economics-that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. Index.
A Nobel Prize Laureate in Economics makes clear once and for all that no one is immune to the effects of monetary economics--both its theory and practices. He demonstrates through historical episodes the mischief that can result from misunderstanding the monetary system.
| Preface | ||
| Ch. 1 | The Island of Stone Money | 3 |
| Ch. 2 | The Mystery of Money | 8 |
| Ch. 3 | The Crime of 1873 | 51 |
| Ch. 4 | A Counterfactual Exercise: Estimating the Effect of Continuing Bimetallism after 1873 | 80 |
| Ch. 5 | William Jennings Bryan and the Cyanide Process | 104 |
| Ch. 6 | Bimetallism Revisited | 126 |
| Ch. 7 | FDR, Silver, and China | 157 |
| Ch. 8 | The Cause and Cure of Inflation | 189 |
| Ch. 9 | Chile and Israel: Identical Policies, Opposite Outcomes | 234 |
| Ch. 10 | Monetary Policy in a Fiat World | 249 |
| Ch. 11 | An Epilogue | 261 |
| References | 266 |
Anonymous
Posted December 5, 2007
Milton Friedman is best known for his 2 monumental books: 'Capitalism and Freedom' and 'Free to Choose'. Money Mischief is less well known, but equally great. Friedman provides a fascinating and easy to understand explanation of what 'money' really is and how it works (or fails to work) in society. In addition to bills and coins, money can take the form of gold, cigarettes, or even large rocks. If this seems strange to you, read the book for a clear explanation. This book also provides the clearest explanation I have ever seen about the complex connection between money supply, growth, and inflation in an economy. Complete with fascinating real world case studies, I found Money Mischief impossible to put down.
2 out of 2 people found this review helpful.
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Posted June 29, 2011
I expected some insite to deal with the coming inflation and printing of the dollar.I expected something similar to a previous book "Free To Choose".
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Posted July 30, 2011
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Posted July 25, 2009
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Posted April 11, 2011
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Overview
Friedman makes clear once and for all that no one is immune from monetary economics-that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. Index.
A Nobel Prize Laureate in Economics makes clear once and for all that no one is immune to the effects of monetary economics--both its theory and practices. He demonstrates through historical episodes the ...