A Primer on Money, Banking, and Gold
- Narrated by: Sean Pratt
- Length: 5 hrs and 19 mins
- Unabridged Audiobook
- Release date: 29-12-08
- Language: English
- Publisher: Gildan Media, LLC
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.
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Customer ReviewsMost Helpful
By Andrew on 11-03-10
Please don't waste your time
I am a huge Peter Bernstein fan, so don't take this review lightly. This book is one of the dullest, least informative and slowest books on monetary economics I have ever encountered. I recommend you stay away.
More than once while driving, I had to turn the book off to avoid falling asleep -- seriously (and my graduate work is in economics)
12 of 13 people found this review helpful
By Philo on 22-11-11
Fine snapshot of a moment in financial history
I enjoyed this. It probably requires a peculiar level of curiosity in central banking, the gold standard and their histories. It describes a time some decades ago, prior to Nixon's taking us off Bretton Woods/gold standard in '71. I see it as part of my quest to learn mechanics of central banking, along with other audibles such as the classic "Lombard Street" (1860's Britain), "The Bankers Who Broke the World" (WW1 through mid-1930s) and the fine "In Fed we Trust" (circa 2008). Moreover, there is little narrative story here, few characters, and a lot of description of nuts and bolts. If that doesn't interest you, this book might put you to sleep.
4 of 4 people found this review helpful