5 of 6 people found the following review helpful
Well Balanced, too focused on minutia,
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.