Money. The unauthorized biography. Felix Martin
Money. The unauthorized biography. Felix Marti. 2014. ISBN 978030796243. This was a fascinating book that slowly drew me in as the author ( economist, columnist , academic) developed his theme. Like the book on Debt, the author has a particular economic POV , yet my own readings after the 2008 collapse seem to support his thoughts . You will trace money/currency from the earliest times ( the stories are fascinating) right up to present day and its dependence on credit, trust and credibility. . He does make sense out of why economists missed the collapse of banking/credit etc. You will learn how the credit support of national government was needed to prop things up , that as it stands the govt is still taking all the risk and none of the upside – leaving the financial industry able to make bets and only have an upside , no downside. He gives ideas from history that show how we can improve the system in each nation state and internationally, with the goal of a stable prosperous economy with benefits for all. I suggest that this is an important book for all of us and worth the early trudging to get to the final chapters. I especially appreciated his wrap up chapter where he did a great job in boiling this into some very simple ideas. The language is easy to read, but you can not hurry through this book.
Related articles
- Jack Covert Selects – Money (800ceoread.com)
- Book Review: Money: The Unauthorized Biography (books.slashdot.org)
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