Gold: The Once and Future Money
- ISBN-10
- 1118428684
- ISBN-13
- 9781118428689
- Series
- Gold
- Category
- Business & Economics
- Pages
- 464
- Language
- English
- Published
- 2012-06-12
- Publisher
- John Wiley & Sons
- Author
- Nathan Lewis
Description
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 Nathan Lewis, there is no reason to believe that the great monetary successes of the past four centuries, and indeed the past four millennia, could not be recreated in the next four centuries. In Gold, he makes a forceful, well-documented case for a worldwide return to the gold standard. Governments and central bankers around the world today unanimously agree on the desirability of stable money, ever more so after some monetary disaster has reduced yet another economy to smoking ruins. Lewis shows how gold provides the stability needed to foster greater prosperity and productivity throughout the world. He offers an insightful look at money in all its forms, from the seventh century B.C. to the present day, explaining in straightforward layman's terms the effects of inflation, deflation, and floating currencies along with their effect on prices, wages, taxes, and debt. He explains how the circulation of money is regulated by central banks and, in the process, demystifies the concepts of supply, demand, and the value of currency. And he illustrates how higher taxes diminish productivity, trade, and the stability of money. Lewis also provides an entertaining history of U.S. money and offers a sobering look at recent currency crises around the world, including the Asian monetary crisis of the late 1990s and the devastating currency devaluations in Russia, China, Mexico, and Yugoslavia. Lewis's ultimate conclusion is simple but powerful: gold has been adopted as money because it works. The gold standard produced decades and even centuries of stable money and economic abundance. If history is a guide, it will be done again. Nathan Lewis was formerly the chief international economist of a firm that provided investment research for institutions. He now works for an asset management company based in New York. Lewis has written for the Financial Times, Asian Wall Street Journal, Japan Times, Pravda, and other publications. He has appeared on financial television in the United States, Japan, and the Middle East.
Get the book
Other editions
-
- 2022-02-01
- 215 pages
- Ebook
- Triumph Books
Similar books
-
The Gold Book: The Complete Investment Guide to Precious Metals
By Pierre LassondeThe Gold Book: The Complete Investment Guide to Precious Metals
-
Gold: The Race for the World's Most Seductive Metal
By Matthew HartHe ends by telling the story of the massive flows of gold that have occurred in the wake of the financial crisis and what the world’s leading experts are saying about the profound changes underway in the gold market and the prospects for ...
-
Buy Gold and Silver Safely
By Doug Eberhardt"Buy Gold and Silver Safely" provides those answers by explaining why gold and silver need to be a part of everyone's portfolio, and helping people learn about buying or selling gold and silver... the safe way.
-
Gold: A Novel
By Chris CleaveBuilding on the tradition of Little Bee, Chris Cleave again writes with elegance, humor, and passion about friendship, marriage, parenthood, tragedy, and redemption.
-
Gold in the Water: The True Story of Ordinary Men and Their Extraordinary Dream of Olympic Glory
By P. H. MullenBut above all, Gold in the Water is a triumph of the human spirit. "Gold in the Water is essentially the tale of a journey of self-awareness, self-belief and the important relationships between coaches and a band of elite swimmers.
-
Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage
By Andrew Winston, Daniel C. Esty336 Notes p.111, “We wouldn't have made it”: Ray Anderson (Interface), interview by author, New Haven, CT, ... 16 July 2004. p.114, A few years before Kellogg's: Information on McDonald's Anticipatory Issues Management and their move ...
-
Stay Gold
By Tobly McSmithDebut author Tobly McSmith delivers a coming-of-age teen love story about a transgender boy who's going stealth at his new Texas high school and a cisgender girl who is drawn to him, even as she's counting down the days until graduation.
-
The Gold Medal Mess
By David A. Kelly"Five friends are ready for their school's Olympics field day.
-
Gold
By E. J. NoyesWhen you spend your life at the top, there's only one direction you can go. Pro alpine skier Aspen Archer's downfall happened in the worst possible way--a career-ending crash on a gold medal run at the 2010 Vancouver Olympics.
-
Phil Gordon's Little Gold Book: Advanced Lessons for Mastering Poker 2.0
By Phil GordonThe players are aggressive, the games are volatile, the decisions are tough, and the pressure is relentless. This is Poker 2.0. In his Little Gold Book, Phil Gordon reexamines the game from the ground up.