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Fate of the Dollar Mass Market Paperback – February 3, 1981

5.0 out of 5 stars 1 customer review

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Product Details

  • Mass Market Paperback
  • Publisher: Signet; First Edition edition (February 3, 1981)
  • Language: English
  • ISBN-10: 0451096126
  • ISBN-13: 978-0451096128
  • Product Dimensions: 7 x 1 x 5 inches
  • Shipping Weight: 12.8 ounces
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #3,004,363 in Books (See Top 100 in Books)

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By Nicholas N. Fur on August 1, 2005
Format: Hardcover
Laymen and professionals will gain a lot from reading this book. Mayer turns what might otherwise be a boring or confusing topic into highly readable, informative, naturally evovling narrative that combines history, economics, politics and personalities. It is also scary because one can see our present and the likely future in this book and it ain't necesarily all sunlight and roses !
Mayer does a good job of demystifying money with his introduction about money and banking. He then uses this basis to tell a fascinating story about the American dollar over the decades since Eisenhower. In doing so, he further educates the reader not only about money, banking and international finance, but also about how the history, politics, personalities and other fators affect money, banking and international finance and how they in turn are affected by them.
There are good reasons why economics is called "the dismal science" and why many people consider the topic of money to be a semi-mystical art beyond the grasp of intelligent individuals who have not been initited into the secrets of that art. However, while this book gives a sense of why such views exist, the story that Mayer tells also illustrates fairly straightforward basic principles that pretty much anyone can understand. He does this in part by relating how British, American and other governments achieved (or could have achieved)economic and financial objectives by paying attention to basics and how such governments created or worsened economic or financial problems and disasters by not paying attention to those basics.
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