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Details of The Little Money Book

The Little Money Book
Exact title of book
The Little Money Book
Book author
David Boyle
ISBN
9781934708248
Publisher
Disinformation Company, The
Published
Apr 01, 2006
Language
English
Format
PDF, FB2, EPUB, MOBI
Pages
192
File size (in PDF)
1728 kB

Some brief overview of book

They say money is the root of all evil. Thats debatable, but one thing thats not is that money and its attendant enterprisesbuying, selling, lending, borrowing, credit cards, the stock market and bankingis an inescapable component of the fabric of modern life. How did this come to be?

Money and the complex system that makes it work is a man-made product that we invented and yet, like Frankenstein, it has us all in its grip. From the poorest to the wealthiest, we worry about money. This highly accessible and easy-to-read synthesis of complex subjects asks some of the obvious questions about money and finance that few of us stop to think about.

For instance, what is the real "value" of money? Well, astonishingly, nobody agrees. But most people seem to accept that it is lent into existence by the commercial banks.

When you stash money in the bank, they must keep around 8 percent of that loan on depositin case theres a run on the bankbut all the rest is lent out again many times over. In other words, most of our mortgages and bank loans are created as if by magic by a stroke of the pen. Thats the strange truth behind modern money.

We dont mine it, we dont find it on a beach, it bears no relation to anything real, but still some people have vast amounts of it and some people have none at all. And we hardly ever talk about it. David Boyle is an associate at the New Economics Foundation.

He lives in London.

About book author

Boyle is an associate at the New Economics Foundation, has worked for them in various roles since 1987. He lives in London. He is the author of Authenticity Brands, Fakes, Spin and the Lust for Real Life (Flamingo), and The Tyranny of Numbers (Flamingo) and a range of books and reports about new kinds of money. ghly accessible and easy-to-read synthesis of complex subjects asks some of the obvious questions about money and finance that few of us stop to think about.

For instance, what is the real "value" of money? Well, astonishingly, nobody agrees. But most people seem to accept that it is lent into existence by the commercial banks.

When you stash money in the bank, they must keep around 8 percent of that loan on depositin case theres a run on the bankbut all the rest is lent out again many times over. In other words, most of our mortgages and bank loans are created as if by magic by a stroke of the pen. Thats the strange truth behind modern money.

We dont mine it, we dont find it on a beach, it bears no relation to anything real, but still some people have vast amounts of it and some people have none at all. And we hardly ever talk about it. David Boyle is an associate at the New Economics Foundation.

He lives in London.

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PDFthe-little-money-book.pdf
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EPUBthe-little-money-book.epub
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MOBIthe-little-money-book.mobi
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