There aint no such thing as a free lunch. This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It explains the application of economics to major world problems, including housing, medical care, discrimination, and the economic development of nations.
Tebbs rated it really liked it. Milton Friedman often reduces a complex topic down to a much more understandable and enjoyable learning task. These questions are answered in at least as much detail as the average reader will care to know. What did you like best about this story?
What kind of mischief can result from misunderstanding the monetary system? More importantly, Friedman's thinking differs from standard wisdom on this issue. Amazon Renewed Refurbished products with a warranty.
Alexa Actionable Analytics for the Web. Broadly an interesting and educational book about money as economists see it. Customers who viewed this item also viewed. Following is a great discussion of inflation, how it works, why it's bad, and what can be done about it.
Within the academic world, however, Friedman is known for his economic theory of monetarism. The definitive guide to why different financial markets exist and how they operate.
Excellent real life studies in economics. Not to mention she read it quite fast in parts. Even so, don't let that stop you from grabbing it.
This is a very close look at monetary systems from a surprisingly neutral position. Here Friedman again assumes the role of popular educator, but now does so to explain the nature and importance of currency. Milton Freidman is a great read. It may not be a new book, but there are more than a few politicians that need to study this book to understand what they are voting for or against! Fun in some spots, but dismal in others.
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To produce continuing inflation, one requires a printing press on which one can turn out those pieces of paper that we call money. As for the material itself, it was for the most part stories not well told, nor really worth telling. Applied Economics is an accessible guide to how our economic decisions develop. Milton is one of those very few people. Government will always blame others, but no other alleged culprit have printing presses nor legal tender laws.
Milton Friedman's account of monetary history in the pre-Industrial to Modern Western world is quite timely in today's fiscal environment. The book chronicles historical episodes into the mystical phenomena known as money that discusses the creation of value in money, the importance of monetary history and the cause of inflation.
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Amazon Restaurants Food delivery from local restaurants. Now I understand bimetallism!
Money Mischief (Audiobook) by Milton Friedman
But trust me, you will be surprised to see how Milton Friedman will keep you hooked on until the last chapter. Bad logicians have committed more involuntary crimes than bad men have done intentionally. This book should be required reading by all. He cuts across the grain in various areas which is refreshing, and that is on display here. More so when he takes an entire chapter to work through the extended math of several of his asumptions.
Money is, first and foremost, a social construct, and the value and usefulness of money can be enhanced or eroded as people gain or lose trust in a currency. Friedman examines inflation, tod game trainer money supply and silver purchase programs. The island of Yap with their stone money was interesting and the helicopter inflation analogy was good. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. What did you love best about Money Mischief?
Marvelous fun and very illuminating. This work by the famed Milton Friedman is story-driven but gets pretty technical and number-driven along the way. So many years after the original publication date, you would think that this book might not be very interesting before you begin. Paperback Verified Purchase.
Slow going, not my typical book. He tells how a monetary standard impacts political power moves. English Choose a language for shopping. These would include coin debasement including clipping and sweating, fixed exchange rates, purchasing programs and disavowing bimetallism. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents.
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