Ebook: Money mischief : episodes in monetary history

Discusses the creation of value, explains the role of monetary theory, and the present monetary system of the United States. The island of stone money -- The mystery of money -- The crime of 1873 -- A counterfactual exercise : estimating the effect of continuing bimetallism after 1873 -- William Jennings Bryan and the cyanide process -- Bimetallism revisited -- FDR, silver, and China -- The cause and cure of inflation -- Chile and Israel : identical policies, opposite outcomes -- Monetary policy in a fiat world -- An epilogue Friedman makes clear once and for all that no one is immune from monetary economics-that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system. Index