Money Mischief: Episodes in Monetary History
About this audiobook
Milton Friedman demonstrates through historical events the mischief that can result from misunderstanding the monetary system; how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how Franklin D. Roosevelt’s decision to appease a few senators from the American West helped communism triumph in China.
He discusses the creation of value, from stones to feathers to gold. He outlines the central role of monetary theory and shows how it can act to ignite or deepen inflation. He explains, in layman’s English, what the present monetary system in the United States—a system without historical precedent—means for your paycheck and savings book, as well as for the global economy.
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About the author
Milton Friedman (1912–2006) was perhaps the most influential economist of the twentieth century. Professor, columnist, author, and advisor, he was awarded the 1976 Nobel Prize in economic sciences.
Wanda McCaddon (d. 2023) narrated well over six hundred titles for major audiobook publishers, sometimes with the pseudonym Nadia May or Donada Peters. She earned the prestigious Audio Award for best narration and numerous Earphones Awards. She was named a Golden Voice by AudioFile magazine.
