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7 of 7 people found the following review helpful:
5.0 out of 5 stars
Gold bug primer, April 18, 2009
This book is over 30 years old (copyright 1977). I read it back in 1979, along with William Simon's " A Time for Truth", Jude Wanniski's "The Way the WorldWorks"and Milton Friedman's "Free to Choose". These books helped to shape my political and economic ways of thinking.
"The War on Gold" covers monetary history quite well and the connection between the gold standard and price stability. It provides a check on deficit spending. The contents of this book ough to be heeded today in the face of looming multi-trillion dollar deficits for which both parties share the blame.
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9 of 10 people found the following review helpful:
5.0 out of 5 stars
Great book, February 13, 2008
This review is from: The war on gold (Hardcover)
Having read the book about 10 years ago, before starting my business studies, mba, cfa, and so on...., I recently found the book and decided to re-read it.
While it is a bit general and a written out of a historical perspective, it is a real good read, as it gives the average investor a good understanding of the underlying forces of gold.
It was a recommendation of a professor (Harvard Business School) turned trader and friend of my dad back then, and it worked out for me.
I remember a time when experts, especially economists of the big wall street houses, claimed that gold was dead - that's like six years ago (Gold PM was at USD300), now we are at USD900.
...and the book was right, not the so-called experts of Merrill Lynch and Goldman!
Tommy Q.
http://socompetent.com
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2 of 52 people found the following review helpful:
2.0 out of 5 stars
Pathetic, June 4, 2007
This review is from: The war on gold (Hardcover)
the first part of the book had me wondering whether Mr Sutton was being serious... I felt embarrassed whilst reading it.
Folks, I can't make this stuff up: Mr Sutton has relied heavily on the "work" of the pill-popping duo Ludwig von Mises and clever clogs Jacques Rueff.
When will these Australian "economists" finally open up Mr Keynes' General Theory and learn that without a little inflation, there would be negative economic growth forever?! People would just hoard their barbaric coins and wait for prices to fall. Guess what that would do to consumer demand.
If you want to view a piece of history of the conspiracy theory lunatic fringe, this is the place to start, but why would you waste your time on such an worthless and unPatriotic task?
For those looking to improve their understanding of how the world really works, do a keyword search on :
Blinder Keynesian
and read his excellent piece available for free at the Library of Economics website. Then you will understand how government spending increases our well being with desirable multiplier effects.
Verdict:
Pathetic
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