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Showing posts with label Monetarism. Show all posts
Showing posts with label Monetarism. Show all posts

Sunday, July 2, 2017

Book Review: What's Wrong With Money?

Michael Ashton is a inflation product specialist who was involved in the development of the inflation derivatives market. He published What's Wrong With Money: The Biggest Bubble of them All last year. I essentially answered the question in his title with the title of my last report -- "Abolish Money (From Economics)!" The problem with money is that it leads to dubious economic analysis. Ashton is a relatively old school Monetarist, and the book inherits the weaknesses of Monetarism. However, the financial/personal finance aspects of the book are interesting.