Sunday, October 05, 2008

Money: Whence It Came, Where It Went, by John Kenneth Galbraith


Um, my brain is not so configured as to understand fiscal and monetary principles. That's a lame excuse, I know. I found it difficult to concentrate on this book. This is not a fault of the famous author of course.

Galbraith shows much dry humour throughout this history of money. At the start Galbraith even says that those with the most rudimentary intelligence should be able to grasp the principles of money. It should not be some big mystery.

As a reader I failed. I only got a foggy impression of money and banks and how they work. To my credit, though, I have got out Galbraith's book on the Great Depression from the library and intend to apply myself soon.

My take away from the book is that money is more about jiggery-pokery than real value.
Much jiggery-pokery is about to bring the US economy to its knees, begging the question of what the American economy is really worth afterall.

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