What Is Money?

by Gary North

In this plain-spoken and clear-thinking book on monetary theory and policy, Gary North shows you where modern society has gone wrong. Read this book to learn how to protect yourself against the inevitable consequences, all of which are negative, of the government's violations of sound money principles.

In this book, you will learn the
1. The experts do not know horse apples from apple butter about monetary theory.
2. Monetary theory should be an integrated part of a general economic theory of how the world works.
3. Whenever an economic theory of how the world works makes an exception for monetary theory, the proposed monetary theory is incorrect, or the general theory is incorrect, or both are incorrect.
4. Fiat money is always a form of counterfeiting.
5. Counterfeiting produces bad results for almost everyone except the counterfeiters.
6. Fractional reserve banking is legalized counterfeiting.
7. Government fiat money is counterfeit.
8. Those who trust government money will lose wealth more surely than those who do not trust it.
9. There are ways to escape bad monetary policy.
10. The worse the policy, the fewer the avenues of escape.

It boils down to this If you don't know what money is, how will you obtain more of it? This is another way of saying that if you don't understand the modern violations of monetary theory, you will not understand the extent to which you are vulnerable to bad policies which are going to produce disastrous consequences, just as they have in the past.

150 pages, Kindle Edition

First published July 18, 2012

About the author

Gary North received his Ph.D. from the University of California, Riverside. He served on the Senior Staff of the Foundation for Economic Education, in Irvington-on-Hudson, New York, and was the president of the Institute for Christian Economics. Dr. North’s essays and reviews have appeared in three dozen magazines and journals, including The Wall Street Journal, National Review, The American Spectator, and others.

Reviews

[Antonio Mannino · Rating 5 out of 5]

Non c'è libro migliore per descrivere la merce più commerciabile

[Luca Pelorosso · Rating 5 out of 5]

Ho impiegato un pò a leggere questo libro sul denaro. Devo ammettere che è da un pò di tempo che pensavo la stampa continua di denaro non avesse senso. Questo libro di Gary North che spiega in modo chiaro una parte della teoria austriaca dell'economia, che è esattamente all'opposta della teoria di keynes, mi ha chiarito benissimo che la stampa continua del denaro è un furto di potere d'acquisto a chi investe per fornire servizi e oggetti ma soprattutto per chi lavora per creare ciò che si vende e per erogare il servizio. Assolutamente consigliato