The True Gold Standard (Second Edition)
Book Reviews: "MONEY" by Steve Forbes
Steve Forbes is just out with the book we’ve been waiting for. It’s titled “Money.” It contains his treatise on the destruction of the dollar and the threat its collapse represents to the global economy. His prescription is for a return to sound money based on gold. He is learned, plain-spoken, and wise, with a fluent understanding of history rivaled by few editors of his generation. His book will stand for many of us as the first answer to the neo-Marxist Thomas Piketty, whose “Capital” is all the rage in the Obama administration.
Mr. Piketty, after all, is advancing the view that the growing share of our wealth held by the top decile is creating a kind of irreversible plutocracy, an era of inequality. This theme is being echoed by all the panjandrums of the Left, from Paul Krugman to Senator Warren to President Obama. No doubt Secretary Clinton will try to get in on the act, too. This theme is going to be at the center not only of the 2014 bi-election campaign but of the 2016 presidential campaign. This is the issue that is written in the stars, and it will rarely get an answer as apt as Mr. Forbes’.
Fox News Channel host Greta Van Susteren rightly calls Steve Forbes and Elizabeth Ames’s new book, Money, “A gripping read….”
Steve Forbes, chairman and editor-in-chief of Forbes Media, and Elizabeth Ames have written their best book yet. It is entitled Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It. Money is, by far, the most important book on economic policy published this year. (Full disclosure, Forbes and Ames reference and acknowledge this writer’s work, including his collaboration with Forbes.com contributor Charles Kadlec, in this work.)
The authors succeed in making money — as in monetary policy itself — fascinating and accessible. It has drawn glowing praise from many important thought leaders, including virtuoso retired banking titan (now Cato Institute president John Allison; Fox News Channel host Greta Van Susteren; Whole Foods co-founder and co-CEO John Mackey; former CNBC contributor Lawrence Kudlow; public intellectual Dr. Ben Carson; and Atlas Economic Research Foundation’s Dr. Judy Shelton, among others.