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Understanding Money Mechanics

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This book provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking.
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Understanding Money Mechanics provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist, most of the material in this book is a neutral presentation of historical facts and an objective description of the mechanics of money creation in today's world.

This book is intended to be a reference for all readers, whether "Austrian" or not, and to bridge the gap by providing a crash course in the necessary theory and history while keeping the discussion tethered to current events.

Understanding Money Mechanics covers numerous topics, including the classical gold standard, the Fed's open market operations, changes in central bank policy since the coronavirus, the economics of Bitcoin, and a critique of Modern Monetary Theory (MMT).

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ISBN 9781610167406
Publisher Ludwig von Mises Institute
Publication Date 11/11/2021
Binding PB
Page Length 212
Dimensions 7x10

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