Understanding Money Mechanics

Understanding Money Mechanics
Author :
Publisher : Ludwig von Mises Institute
Total Pages : 271
Release :
ISBN-10 : 9781610167444
ISBN-13 : 1610167449
Rating : 4/5 (44 Downloads)

Book Synopsis Understanding Money Mechanics by : Robert Murphy

Download or read book Understanding Money Mechanics written by Robert Murphy and published by Ludwig von Mises Institute. This book was released on 2021-12-14 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding Money Mechanics provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist, most of the material in this book is a neutral presentation of historical facts and an objective description of the mechanics of money creation in today's world. This book is intended to be a reference for all readers, whether "Austrian" or not, and to bridge the gap by providing a crash course in the necessary theory and history while keeping the discussion tethered to current events. Understanding Money Mechanics covers numerous topics, including the classical gold standard, the Fed's open market operations, changes in central bank policy since the coronavirus, the economics of Bitcoin, and a critique of Modern Monetary Theory (MMT).


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