The recent rise of dollar and euro inflation rates has rekindled interest in two alternative monies: gold and Bitcoin. Written in accessible style by a respected specialist on monetary institutions, Better Money explains and evaluates gold, fiat, and Bitcoin standards without hype.
The recent rise of dollar and euro inflation rates has rekindled interest in two alternative monies: gold and Bitcoin. Written in accessible style by a respected specialist on monetary institutions, Better Money explains and evaluates gold, fiat, and Bitcoin standards without hype.
Lawrence H. White is Professor of Economics at George Mason University. He has pioneered research on private monetary systems since before Bitcoin, authoring Free Banking in Britain (1984), Competition and Currency (1989), and The Theory of Monetary Institutions (1999). He is also author of The Clash of Economic Ideas (2012).
Inhaltsangabe
Introduction 1. Markets and governments in the history of money 2. How a gold standard works 3. Common misconceptions about the gold standard 4. How a fiat standard works 5. How Bitcoin standard works 6: Contrasts between gold and Bitcoin standards.
Introduction 1. Markets and governments in the history of money 2. How a gold standard works 3. Common misconceptions about the gold standard 4. How a fiat standard works 5. How Bitcoin standard works 6: Contrasts between gold and Bitcoin standards.
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