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Customer Review

27 of 40 people found the following review helpful
1.0 out of 5 stars Mediocre, April 15, 2008
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This review is from: Biography of the Dollar: How the Mighty Buck Conquered the World and Why It's Under Siege (Hardcover)
I bought this book following Amazon's recommendation, which recommended me serveral decent books in the past. This book just doesn't cut it. Here is a chapter by chapter description:

Chapter 1. The author spends three pages talking about how *rich* John Taylor, the founder of a currency fund, is. Utterly boring and totally irrelevant. Then he proceeds to dicuss many other funds, boring... nothing specifically about the operations, just in general the funds. Then he jumps back for another 20 pages of sales job for Mr. Taylor. I can't help wondering if Mr. Taylor is a patron who made publishing such a mediocre book possible.

Chapter 2. How $ dollars are printed. Yes, literally printed. Not circulating currency volume in economic sense. I couldn't care less.

Chapter 3. Gold standard, Nixon, Bretton Woods. If you know a bit monetary history, that's all this chapter is about.

Chatper 4. Some foreign countries (Ecuador for one) use USD directly (therefore a dollar colony). And... mmmh... that's it.

Chapter 5. Some foreign countries buy dollars as foreign currency reserve (duh)

Chapter 6. Americans are spending too much. Now it's not clear if dollar will enjoy the same status in the future.

Overall, it's a poorly written book. Not insightful, nor well written. Reading the book is like listening to a monotonic description of how to operate a refrigerator.
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