A Primer on Money, Banking, and Gold, Peter L. Bernstein
A Primer on Money, Banking, and Gold, Peter L. Bernstein
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A Primer on Money, Banking, and Gold

Author: Peter L. Bernstein

Narrator: Sean Pratt

Unabridged: 5 hr 19 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 12/17/2008


Synopsis

One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days.
With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces.

Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy.

This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.


Reviews

Goodreads review by Patrick on February 07, 2022

This book is an honest, transparent description of America's banking industry in the 1960's. Bernstein republished it in 2008 with a new introduction along with the old introduction written in 1968. The 2008 reprint is the same as the original in 1968. These introductions helped me to believe in the......more

Goodreads review by Ed on July 24, 2014

Bernstein explains in fine prose the detailed machinations of how banks create money and how economics really works. While "A Primer" focuses on describing the great gears of this clock, it does not fail to ignite flashes of insight and "aha" moments. It is amazing how so much of this is still perti......more

Goodreads review by Jiri on May 11, 2014

If you ever wonder why gold and banks has such a special place in the history - here is the answer. It's a great foundation of modern theory of banking, money and gold. Also it explains how banking looks like when money was backed by a gold. Interesting comparison of today's world.......more

Goodreads review by Amit on June 08, 2012

A bit dated but still an excellent account of the workings of the treasury, fed and the banking system.......more

Goodreads review by Kalin on December 29, 2009

The best book to understand how money works. Although written 50-60 years ago, it is the best I have read about money.......more