Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It

Preface

The Crisis of Modern Economics—and Money

Many of the ideas in this book may strike readers reared on traditional Keynesian and monetarist principles as being “too simple.” But money is fundamentally simple: it is, as we repeatedly point out in these pages, an instrument of measurement. All perceptions, strategies, and government policies pertaining to money should proceed from this truth.

Why then is so much writing on the subject of money so needlessly complicated, with dense, impenetrable language and equations that make sense to only a handful of academicians? And why do so many people insist that bad ideas about monetary policy, like “inflation is needed to increase employment,” are as settled and unassailable as scientific principles? ...