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14 of 15 people found the following review helpful
5.0 out of 5 stars Professional x-ray of the complex "gold standard" problem
Author Nathan Lewis drops the dismal science of economics to another level of despair by interpreting it as the "cruel science" of realpolitik. True believers in the gold standard, known as "gold bugs," believe the U.S. could face hyperinflation because it destroyed the gold standard and made every nation vulnerable to contagious inflation. As Lewis explains, ever since...
Published on 11 Oct. 2007 by Rolf Dobelli

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5 of 6 people found the following review helpful
3.0 out of 5 stars Well Balanced, too focused on minutia
Firstly, if you are a beginner, like me, to the gold standard, I recommend not buying this book. I give this book four stars from an objective point of view, as my own experience with it would warrant three or maybe two stars. I give four due to the intense research put into the book and the well balanced, pragmatic arguments the author puts forward for a pegged gold...
Published on 26 Jan. 2009 by Adrian Booth


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14 of 15 people found the following review helpful
5.0 out of 5 stars Professional x-ray of the complex "gold standard" problem, 11 Oct. 2007
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Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
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This review is from: Gold: The Once and Future Money (Agora Series) (Hardcover)
Author Nathan Lewis drops the dismal science of economics to another level of despair by interpreting it as the "cruel science" of realpolitik. True believers in the gold standard, known as "gold bugs," believe the U.S. could face hyperinflation because it destroyed the gold standard and made every nation vulnerable to contagious inflation. As Lewis explains, ever since President Richard Nixon left the gold standard in 1971, the dollar has been backed by the U.S. government's "full faith and credit," not its gold reserves. However, he also introduces theorists who do not advocate the gold standard, since nations can realize its advantages only by pegging their currencies to short-term interest rates. As shown in this thorough, readable history, national treasuries must reassure the timid that global gold and currency markets are so huge and fast that "gold vulture" speculators cannot attack major currencies, and thus force a return to the gold standard (even though the author might wish that they could). We recommend this to gold buffs, economic historians and anyone who might enjoy the debates it could provoke.
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5 of 5 people found the following review helpful
4.0 out of 5 stars Interesting read on the history of money, 28 Dec. 2008
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This review is from: Gold: The Once and Future Money (Agora Series) (Hardcover)
This publication provides an informative overview of the history of money and monetary policy through the ages. Readable and not overly academic the book can be read without any prior reading on the topic. The Author does have a definte opinion, which in any historical analysis needs to be considered. Overall though the book was relatively balanced and certainly provides food for thought, particularly in the context of 2008 and as we enter 2009.
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5 of 6 people found the following review helpful
3.0 out of 5 stars Well Balanced, too focused on minutia, 26 Jan. 2009
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This review is from: Gold: The Once and Future Money (Agora Series) (Hardcover)
Firstly, if you are a beginner, like me, to the gold standard, I recommend not buying this book. I give this book four stars from an objective point of view, as my own experience with it would warrant three or maybe two stars. I give four due to the intense research put into the book and the well balanced, pragmatic arguments the author puts forward for a pegged gold standard. The book does, however, go into too much detail than is necessary. Towards the middle, the author uses every other sentence to type the value of gold vs. ABC currency at which exact date. This becomes incredibly dull. For the first few chapters, the author had me in his hands as I was engrossed by an introduction to this form of ancient money which came about through trial and error from thousands of years of human history. I was expecting more of a history on the very roots of gold as money. Instead the author goes through a detailed history of economic crises related to currencies that become too bogged down on minutia. I applaud the author for his analysis and clear cut argument, but as a beginner to the gold standard, it just wasn't suited for me. This doesn't mean, of course, that it is not a good book in an absolute sense. It is well detailed and thought provoking, and gives one a good background of knowledge to work with on this ancient form of money.
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5.0 out of 5 stars Excellent book, 1 April 2011
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This review is from: Gold: The Once and Future Money (Agora Series) (Hardcover)
First book I've read on money/economics. Very readable, no previous knowledge required. I'd definately recommend it, there's a lot more to it than a long chat about gold!
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Gold: The Once and Future Money (Agora Series)
Gold: The Once and Future Money (Agora Series) by Nathan Lewis (Hardcover - 26 April 2007)
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