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THE SCANDAL OF MONEY

George Gilder

Subtitle: Why Wall Street Recovers but the Economy Never Does, Regenery, NY. 2016, 202 pgs., index, notes

 
 

Reviewer: This is an extremely important book. George Gilder fills it with valuable insights and analysis. But his nomenclature is sometimes confusing, as when he equates money and currency in one place, money and the total supply that includes credit in another and money with prices in other places. He mostly ignores the political causes of the economic theories he so well destroys. For instance, Keynesians, monetarians, and Marxists all are denounced - such as Friedman, Keynes, Krugman, Gordon and Piketty. He allows that these self-appointed economist are mistaken and do not know what they are doing. But in my opinion they know exactly what they want. When one compares their claims to what is 'wrong' with economic conditions with what solutions they propose invariably the solutions are to expand and enhance big government control over the people. Naturally they also propose that the 'expert' such as themselves are the only ones to know what to do.,

 
 

Prologue

 
 

Chapter 1 - The Dream and the Dollar

 
 

Chapter 2 - Justice before Growth

 
 

Chapter 3 - Friedman and the Enigma of Money

 
 

Chapter 4 - The Chinese Challenge

 
 

Chapter 5 - The High Cost of Bad Money

 
 

Chapter 6 - Money in Information Theory

 
 

Chapter 7 - What Bitcoin Can Teach

 
 

Chapter 8 - Where "Hayeks' go Wrong

 
 

Chapter 9 - The Piketty-Turner Thesis

 
 

Chapter 10 - Hypertrophy of Finance

 
 

Chapter 11 - Main Street Pushed Aside

 
 

Chapter 12 - Wall Street Sells Its Soul

 
 

Chapter 13 - A Wrinkle in Time

 
 

Chapter 14 - Restoring Real Money

 

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