For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the b...
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reviews
Apr 20, 2009
Bart
rated it: 
This book is well written and more reasonable than many of its gold-standard kin. Is it perfectly practical? Well no, of course not; but then few gold-standard-advocacy tomes of the last 30 years have been. What makes this book different is that its author freely concedes the impracticality of many gold-standard recommendations.
In some ways, the book is a round-the-world tour of every place that high taxes and unstable currency have failed mankind. It is no exaggeration to write More...
In some ways, the book is a round-the-world tour of every place that high taxes and unstable currency have failed mankind. It is no exaggeration to write More...
May 17, 2008
Jon
rated it: 
This book has pretty much convinced me that one of the deep problems in our society (there are many others of course) is unstable currency, and that having some sort of physical commodity backing the currency is necessary to make it stable over the long run.
Lewis isn't arguing that we should buy our groceries with gold coins, but rather that "fiat money" - money whose value rests solely in the faith one has in the issuer - is inherently prone to inflation. This is partly b More...
Lewis isn't arguing that we should buy our groceries with gold coins, but rather that "fiat money" - money whose value rests solely in the faith one has in the issuer - is inherently prone to inflation. This is partly b More...
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