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The Money Mystery

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During the 1980s the velocity of circulation of the dollar became erratic; now the whole country is affected. The Money Mystery explains why Federal Reserve officials remain so afraid of inflation, explains precautions you should take, and explains the wild swings in the stock market. Few analysts understand what velocity is doing to the economy. Learn what you can do abou During the 1980s the velocity of circulation of the dollar became erratic; now the whole country is affected. The Money Mystery explains why Federal Reserve officials remain so afraid of inflation, explains precautions you should take, and explains the wild swings in the stock market. Few analysts understand what velocity is doing to the economy. Learn what you can do about it. This new third edition includes an all new chapter titled A New, or Very Old, Form of Inflation. The Money Mystery is the first sequel to Whatever Happened to Penny Candy? and provides essential background for getting the most from The Clipper Ship Strategy. Can be used for courses in Economics, Business, Finance, Government and History. Ages 14 through Adult.


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During the 1980s the velocity of circulation of the dollar became erratic; now the whole country is affected. The Money Mystery explains why Federal Reserve officials remain so afraid of inflation, explains precautions you should take, and explains the wild swings in the stock market. Few analysts understand what velocity is doing to the economy. Learn what you can do abou During the 1980s the velocity of circulation of the dollar became erratic; now the whole country is affected. The Money Mystery explains why Federal Reserve officials remain so afraid of inflation, explains precautions you should take, and explains the wild swings in the stock market. Few analysts understand what velocity is doing to the economy. Learn what you can do about it. This new third edition includes an all new chapter titled A New, or Very Old, Form of Inflation. The Money Mystery is the first sequel to Whatever Happened to Penny Candy? and provides essential background for getting the most from The Clipper Ship Strategy. Can be used for courses in Economics, Business, Finance, Government and History. Ages 14 through Adult.

30 review for The Money Mystery

  1. 5 out of 5

    Andy Scott

    In this book, the author explains the importance of understanding money velocity: how fast money is changing hands. Overall, it seemed the book focused on the events surrounding an surge in gold prices in 1980. While important lessons can be learned from that event, the application of those lessons for today was not terribly clear. The author does mention the value of comparing the purchases of inflation-indexed bonds with regular bonds. He also mentions the importance of not investing in someth In this book, the author explains the importance of understanding money velocity: how fast money is changing hands. Overall, it seemed the book focused on the events surrounding an surge in gold prices in 1980. While important lessons can be learned from that event, the application of those lessons for today was not terribly clear. The author does mention the value of comparing the purchases of inflation-indexed bonds with regular bonds. He also mentions the importance of not investing in something you can't get out of quickly as there is a lot of uncertainty in our economy and government. I was surprised by his statements on page 64: "[T]he governments do not like [a single global economy]; they fight it. They greedily cling to their borders, tariffs, and other artificial boundaries that should have vanished with the coming of the telephone and radio. This primitive behavior creates great risk for business people and investors as governments continue to fight over territory." It seems idealistic to think that there is no need for physical borders due to the diversity of cultures and beliefs that exist in our world, creating a need to individualized governments and practical physical controls for those individual regions/countries. In general, it seems this book is an addendum to the author's other book, The Clipper Ship Strategy: For Success in Your Career, Business and Investments, explaining money velocity in order to better understand that book better.

  2. 5 out of 5

    Davis Smith

    Not as good as most of the other Uncle Erics, but it does a great job at explaining how the crucial economic concept of velocity influences all facets of life. The last couple chapters in the newest edition are very thought-provoking, and, honestly, quite scary.

  3. 5 out of 5

    Concetta Kellough

    Can be read as a standalone but is in a series of 11. I am on the last book of the series and have learned a lot. Richard Maybury explains things so money is easy to understand. It's the 3rd of the money books in the series. Can be read as a standalone but is in a series of 11. I am on the last book of the series and have learned a lot. Richard Maybury explains things so money is easy to understand. It's the 3rd of the money books in the series.

  4. 4 out of 5

    Caleb Hack

    No comment.

  5. 4 out of 5

    Rosa Cabrera

    Recommend for high school kids and anyone for that matter

  6. 4 out of 5

    Deann

    I had a harder time getting into this book, compared to the previous books. But it was full of good information and has increased my understanding.

  7. 5 out of 5

    Michelle

    Best description of velocity I've ever read, and something that few economic textbooks cover at all, mostly because it is poorly understood. Best description of velocity I've ever read, and something that few economic textbooks cover at all, mostly because it is poorly understood.

  8. 5 out of 5

    Dave

    Eye opening description of how the monetary system works and the impact of government interference in the economy. Highly recommend.

  9. 4 out of 5

    Beth Haynes

  10. 4 out of 5

    Donna Anoskey

  11. 4 out of 5

    Asher

  12. 4 out of 5

    Betsy Strauss

  13. 4 out of 5

    Craig Calvert

  14. 5 out of 5

    Daniel B Schwartz

  15. 5 out of 5

    Ian

  16. 4 out of 5

    Marie Hiltscher

  17. 5 out of 5

    Cathy

  18. 5 out of 5

    Blake

  19. 5 out of 5

    Chris Wilkey

  20. 5 out of 5

    Warren Ritchie

  21. 5 out of 5

    Gena

  22. 4 out of 5

    Bethany

  23. 4 out of 5

    Davraena

  24. 5 out of 5

    Lori

  25. 5 out of 5

    Cherie

  26. 5 out of 5

    Attila Rebak

  27. 4 out of 5

    Denali Christianson

  28. 5 out of 5

    Kent Sugg

  29. 4 out of 5

    Quinn

  30. 5 out of 5

    Steven Clark

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