Books: The History of Money by Jack Weatherford

Short history of money from barter to modern fiat currencies and “plastic” money.

Interesting ideas:

  • Power of the ability to print money, which is currently dominated by state monopolies. I was writing about this in one of my blog posts: Thoughts on Decentralization of Money 1.
  • Hyperinflation benefits debtors, provided that the debt is in the hyper-inflated currency.
  • Wizard of Oz was not only a children’s novel, but also a political satire about changes in monetary politics. Dorothy represents American people, scarecrow represent farmers, tin man factory workers and lion represents cowardly William Jennings Brya.

Personal score: 6/10

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s