This reprint presents Modern Money Mechanics as it was originally published by the Federal Reserve Bank of Chicago in editions ranging from 1961-1992. The last revision, made in 1992, was printed in a final edition in 1994 - reprinted here from PDF files. Available in electronic form on the Internet, MMM until now has been unavailable in hardcopy. As a description of our money system since the time of the creation of the Federal Reserve, hard money advocates, political libertarians and others have found the content of this book damning and used it as part of a general critique of fiat currency. This booklet has been cited by Gary North, Lew Rockwell, the U.S. and U.K. Libertarian parties and many others. It even features in YouTube videos.
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7 of 7 people found the following review helpful:
1.0 out of 5 stars
You'll go blind reading this!,
By Penny (Mississippi) - See all my reviews
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This review is from: Modern Money Mechanics: A Workbook on Bank Reserves and Deposit Expansion (Paperback)
This might be informative, highly educational BUT the print is miniscule. Save your money and your eyesight! Easier to search out and read on-line at least you can adjust the print. It would have been nice to have had a warning that the print was too tiny to read without developing severe eye-strain.
1 of 1 people found the following review helpful:
4.0 out of 5 stars
Too Much Truth for the Fed to Continue,
This review is from: Modern Money Mechanics: A Workbook on Bank Reserves and Deposit Expansion (Paperback)
I think the reason it's out of print is not due to errors, but quite the opposite - too much truth in one place not being in the best interest of the unstated goals of the Federal Reserve. The same mechanics of fractional reserve banking and "money" creation is well documented in many other books and papers. See for example "The Creature from Jekyll Island" by G. Edward Griffin, or the "Affidavit of Walker F. Todd" where a former attorney for the Fed of 20 years tells the same story as an expert witness in a case in Michigan. The value of "Modern Money Mechanics" is that it's the same info comming straight from the horses mouth.
1 of 3 people found the following review helpful:
1.0 out of 5 stars
Found out about this on Zeitgeist.,
By
This review is from: Modern Money Mechanics: A Workbook on Bank Reserves and Deposit Expansion (Paperback)
I have to agree with Penny on text size. As stated I saw this in the controversial film series Zeitgeist, which is painful to watch also editing wise imho.
A very boring, technical read. I guess that's what econ is overall. I am still trying to digest all this and figure where I stand. For starters this book which is quoted over and over again in the film has been out of print since 1992 apparently due to errors, etc. So that's a big flag for me alone. I'll continue this after I absorb the rest
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