“Very good book. The first few chapters are excellent, especially the story of the people on an island in the South Pacific whose currency is based on big circular stones. The larger the stone the more wealth, even if the stone is at the bottom of the sea as was the case for the richest family.
It sounds crazy until you realize that it is no more insane than thinking that blips on a computer at your bank represent your wealth.
The middle of the book got a little too technical for me, but I enjoy Friedman's writing style so much, it made it bearable.
Bottom line - inflation is everywhere and always caused by monetary policy.”
Ed K wrote this review Friday, September 5 2008.
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