Gold: The Once and Future Money

by Nathan Lewis

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For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so, says show more Nathan Lewis, there is no reason to believe that the great monetary successes of the past four centurie show less

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2 reviews
Nathan Lewis, an avid believer of the benefits of the Gold Standard & Low taxes, presents his view of what money fundamentally is, and the misunderstandings of a political economy and how they lead to the mismanagement of money. He offers concrete examples of periods of calm and crises contrasting the Gold Standard with the current Floating system. He puts the current 35+ year old floating system's relative youth into perspective, while attempting to debunk common misunderstandings about the Gold Standard.

Completely changed my view of value, currencies, and monetary history. He references a number of notable historic persons and their works, good starting points for my continued look into monetary economics.
Nathan Lewis: chief economist, writer, asset manager
Pros: fascinate read; comprehensive treatment of the subject.; debunked many commonly-held misinformation and economic mantra
Cons: lack of in-depth analysis to many events in the later chapters; a bit too much reductionism (contributing all explanations to stable currency and tax)
½

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6 Works 96 Members

Classifications

Genres
Economics, Nonfiction, Business, General Nonfiction, History
DDC/MDS
332.4Society, government, & cultureEconomicsBanking & MoneyMoney
LCC
HG230.3 .L48Social sciencesFinanceFinanceMoney
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Reviews
2
Rating
(3.92)
Languages
English
Media
Paper, Ebook
ISBNs
6