the foremost financial writers of his generation, Peter Bernstein has the
unique ability to synthesize intellectual history and economics with the theory
and practice of investment management. Now, with classic titles such as
Economist on Wall Street; A Primer on Money, Banking, and Gold; and The Price
of Prosperity—which have forewords by financial luminaries and new
introductions by the author—you can enjoy some of the best of Bernstein in his
earlier Wall Street days.
With the proliferation of financial instruments, new areas of
instability, and innovative capital market strategies, many economists and
investors have lost sight of the fundamentals of the financial system—its
strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes
you back to the beginning and sorts out all the pieces.
Peter Bernstein skillfully addresses how and why commercial banks
lend and invest, where money comes from, how it moves from hand to hand, and
the critical role of interest rates. He explores the Federal Reserve System and
the consequences of the Feds' actions on the overall economy. But this book is
not just about the past. Bernstein's novel perspective on gold and the dollar
is critical for today's decision makers, as he provides extensive views on the
future of money, banking, and gold in the world economy.
This illuminating story about the heart of our economic system is
essential reading at a time when developments in finance are more important
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