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Would you listen to The Death of Money again? Why?
Yes. There is a lot of information about how money works and how it affects international trade and money policy. This information takes a lot of thinking to understand and digest for a lay person like myself so multiple reads will be necessary to really get a firm grasp on all that was included in the book.
Any additional comments?
From the beginning I knew this book would have a bit of the "dooms day" tone. Luckily this was somewhat mild and the author did a pretty good job of focusing on the facts of how money works.
The main thing I got from the book is a high level "how money works" in today's international economy. It did a pretty good job bringing up and explaining topics, setting a foundation of knowledge so I now know what other books to look for to expand that knowledge. Some information went over my head and will take additional reading to clarify but I came away feeling like I got more than my money's worth in learning.
The author's final conclusion on what to do about where money is headed was included at the end which was much appreciated. However, his suggestions will likely only be helpful to the very wealthy. For example, buy undeveloped land so when the economy drops (as in a recession) you can develop that land cheaply. That isn't going to help people who either barely make ends meat (the majority of people) or who are just doing well to keep a modest savings for retirement.
So if you are looking for a formula to protect yourself from bad turns in the economy or the government screwing things up with bad monetary policy, and if you aren't wealthy, look elsewhere. But if you want a deeper understanding of how money works so you can more intelligently decide how to plan your finances for the future, this is an interesting read.
8 of 8 people found this review helpful
This book could be 4 stars if the title and some rhetoric were toned down. It masks otherwise interesting points and investment strategies.
It also gets pretty dry at points. I found myself skipping to the end of a chapter at times.
3 of 3 people found this review helpful