| Edition |
1st ed. |
| Physical description |
xiv, 274 pages : illustrations ; 22 cm |
| Bibliography |
Includes bibliographical references (pages 266-274). |
| Contents |
Ch. 1. The Island of Stone Money -- Ch. 2. The Mystery of Money -- Ch. 3. The Crime of 1873 -- Ch. 4. A Counterfactual Exercise: Estimating the Effect of Continuing Bimetallism after 1873 -- Ch. 5. William Jennings Bryan and the Cyanide Process -- Ch. 6. Bimetallism Revisited -- Ch. 7. FDR, Silver, and China -- Ch. 8. The Cause and Cure of Inflation -- Ch. 9. Chile and Israel: Identical Policies, Opposite Outcomes -- Ch. 10. Monetary Policy in a Fiat World -- Ch. 11. An Epilogue. |
| Summary |
Nobel Prize-winner Milton Friedman makes clear once and for all that no one is immune from monetary economics--that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system--how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan and how Franklin D. Roosevelt's decision to appease a few senators from the American West helped communism triumph in China. In Money Mischief Dr. Friedman discusses the creation of value: from stones to feathers to gold. He outlines the central role of monetary theory and shows how it can act to ignite or deepen inflation, as one instance. He explains, in layman's English, what the present monetary system in the United States--a system without historical precedent--means for your paycheck and savings book as well as for the global economy. |
| Subject |
Monetary policy -- History.
|
|
Monetary policy -- United States -- History.
|
|
Money -- History.
|
| ISBN |
0151620423 |
|
