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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)
11 of 12 people found this review helpful
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