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Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)

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ISBN-10: 0470287586

ISBN-13: 9780470287583

Edition: 2008

Authors: Peter L. Bernstein, Paul A. Volcker

List price: $19.95
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Description:

In many ways, Bernstein's A Primer on Money, Banking, and Gold can be seen as one long preface to his bestselling The Power of Gold. In A Primer on Money, Banking, and Gold, Bernstein writes "What has gold to do with money anyway? Where did Americans find enough money to write checks adding up to nearly four trillion dollars during 1963? Did the Government print it all?" Here, he discusses the link that still exists between our money and gold and why. He also goes into detail about banking (both the history and business of banking) and the role the Federal Reserve plays in regulating the supply of money. He includes two "case studies" at the end, one detailing the financial playing field…    
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Book details

List price: $19.95
Copyright year: 2008
Publisher: John Wiley & Sons, Incorporated
Publication date: 9/2/2008
Binding: Paperback
Pages: 272
Size: 5.00" wide x 8.00" long x 0.75" tall
Weight: 0.594
Language: English

Peter L. Bernstein graduated magna cum laude from Harvard College with a degree in economics. After serving as a member of the research staff at the Federal Reserve Bank of New York and at the Office of Strategic Services in Washington, Bernstein joined the the Air Force, attaining the rank of captain serving in World War II, and assigned to the Office of Strategic Services. After the war, Bernstein taught economics for many years as an adjunct professor on the Graduate Faculty of the New School for Social Research in New York. In 1951, after teaching economics at Williams College and spending five years in commercial banking, Bernstein became Chief Executive of a nationally known…    

#60;b#62;GEORGE SOROS#60;/b#62; is Chairman of Soros Fund Management, which serves as the principal investment advisor to the multibillion dollar Quantum Group of Funds. Soros's flagship Quantum Fund is recognized as the most successful investment fund ever, returning an average 31 percent annually for more than thirty years. Soros has been an important philanthropist since 1979. His charitable foundations are active in more than fifty countries and spend nearly half a billion dollars each year to support projects in education, public health, civil society development, human rights, and many other areas.

Foreword
New Introduction
Original Introduction
The Money Problem
Why Worry about Money and Gold?
Spending and Financing
The Price of Money
The Creation of Money
Money in Hand and Money in the Bank
The Business of Banking
Bank Credit and Money
The Control of Money
The Federal Reserve System
Federal Reserve Tools of Control
Reserve Requirements
Currency: A Complication
Gold
Gold at Home
Gold Abroad
Theory in Practice
The Experience of 1938 to 1945
The Experience of 1945 to 1963
The Experience of 1966
Conclusion: Money and Gold in the Future
Reading the Weekly Federal Reserve Statement
Bibliography
Acknowledgments
Index