Katy's Reviews > Money Mischief: Episodes in Monetary History

Money Mischief by Milton Friedman
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's review
Jan 20, 2010

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bookshelves: economics, history-politics
Read in January, 2010

This was tough going. Since I don't have an economics background, the detailed explanation of bi-metalism and national economic policy was very difficult for me. The last few chapters on the causes of inflation were quite enlightening. Surprisingly, Friedman uses a quote from John Maynard Keynes, who advised FDR during the Great Depression as a chapter heading: "There is no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." Rather provocative...

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