Erwin's Reviews > Currency Wars: The Making of the Next Global Crisis

Currency Wars by James Rickards
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's review
Aug 16, 12

Read in May, 2012

Agree with most of the summary except for the author's point that gold is the solution.

Rapid inflation is the enemy. The author believes Keynes is totally wrong. I don't see it that way.

Author believes we can create a system that is self regulating, instead of choosing better rules and better regulators.

Counter cyclical spending is important.

Instead of a gold standard, why don't we just have actual honest inflation numbers? The fed just adjusts the money supply to ensure inflation doesnt change.

Reducing uncertainty is good for commerce and seems reasonable. The madness of the market should be controlled.

The simplest system is the best possible system. More complex is harder to manage and more difficult to maintain over the long run.

The gold stock obviates currency speculation. The last real gold standard ended in 1914.
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