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Subtitle: Why Wall Street Recovers but the Economy Never Does,
Regenery, NY. 2016, 202 pgs., index, notes
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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 economists 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 'experts' such as
themselves are the only ones to know what to do. But Gilder, himself, does not
understand the concept of 'value' which leads him to believe there can be such
a standard measurement because there is no such thing as 'intrinsic' value.
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Prologue
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Chapter 1 - The Dream and the Dollar
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Chapter 2 - Justice before Growth
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Chapter 3 - Friedman and the Enigma of Money
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Chapter 4 - The Chinese Challenge
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Chapter 5 - The High Cost of Bad Money
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Chapter 6 - Money in Information Theory
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Chapter 7 - What Bitcoin Can Teach
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Chapter 8 - Where "Hayeks' go Wrong
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Chapter 9 - The Piketty-Turner Thesis
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Chapter 10 - Hypertrophy of Finance
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Chapter 11 - Main Street Pushed Aside
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Chapter 12 - Wall Street Sells Its Soul
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Chapter 13 - A Wrinkle in Time
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Chapter 14 - Restoring Real Money
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