|  | Author: Thomas H. Greco Jr.
Publisher: Chelsea Green Publishing
List Price: $19.95
Buy New: $11.99
as of 11/23/2009 01:53 CST details
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Rating:  29 reviews
Sales Rank: 46373
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Pages: 280
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 5.9 x 0.9
ISBN: 1603580786
Dewey Decimal Number: 332.49
EAN: 9781603580786
ASIN: 1603580786
Publication Date: June 4, 2009
Availability: Usually ships in 1-2 business days
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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| Customer Reviews:
Showing reviews 6-10 of 29
 Interesting background and theories July 19, 2009
L. Romero (Carlsbad, CA United States)
2 out of 2 found this review helpful
This book provides a good background on money in general, from before the establishment of the central bank to our current global financial situation. The author uses familiar analogies to make his points easy to understand. Hi viewpoint is against an 'elite' group of people who are favored by the financial industry and provides his theories on how to decentralize control of money. He uses plenty of quotations and examples to illustrate his viewpoints. It will be pretty interesting to see what will happen in the future in this age where everyone is connected to each other like no time before. Overall, although at times is sounds a bit apocalyptic, this is a book worth reading to get a good insight into the world of 'money'.
 Book matter a bit complex for general audience July 16, 2009
ruks (Los Gatos, CA)
1 out of 4 found this review helpful
I am finding this book a bit complicated for my level. Book says its written for - a) general audience who is curious to learn about money and economy b) social entrepreneurs who are interested in alternate exchange c) businesspeople who are looking to survive and thrive d) government officials who are struggling with fiscal management. I am general audience and book does not interest me.
interesting proposals and thoughtful arguments July 14, 2009
Sreeram Ramakrishnan (Salem,MA)
3 out of 3 found this review helpful
In this well-reasoned and well-researched book, Greco provides some intriguing proposals for credit clearing and trade exchanges that are aimed to address some of the deficiencies of existing credit markets. Greco provides an excellent summary of the history of money and its relation with the state and catalogs the rise of central banks. The chapter on inflation is well-researched and is a must-read. After discussing the evolution of credit money, the author then critiques the commercial trade exchanges and offers plans ranging from trading platforms, development plans, and organizational structures, including changes in government policies. The rationale for these proposals are well made and quite convincing. However, the sweeping range of these proposals may require a far more rigorous risk analysis than what the author has alluded to. In the absence of formal techniques that can assess the impact of these proposals and perhaps even back-test, it is difficult to see how practical these proposals are. Nevertheless, the thought-provoking book is a must-read to understand money and credit through this unique interpretation.
Greco's best yet! July 10, 2009
W. Ford
Greco's best yet. A lifetime acheivment. Great stuff. If you need to know everything about money you didn't know; here it is.
Separation of money and state July 6, 2009
Steve Burns (Nashville, TN)
5 out of 5 found this review helpful
This will be an interesting book for those curious about the history of money, how it evolved into modern day currencies, and how to break the banking monopoly on credit. The author who is in the alternative exchange movement advocates the creation of credit clearing houses for individuals. This is modeled after the clearing houses established by banks that enable banks to clear their books by calculating how much each bank owes the other as opposed to running money for each individual transaction. For example if a check from bank A is cashed for $100 at bank B, and other transactions have two $50 checks from bank B cashed at bank A then they clear each other out with no one owing anything to each other. Of course it is much more complicated when you get several banks involved over lapping each other, but I hope you see the principle. The author advocates that if credit clearing houses are set up for individuals and business and credit is completely based on goods and services that are created instead of currency continual printed to cover debt interest, then it would stabilize the business cycle of booms and busts. It would also take banks monopoly on loans and shift them to individuals.
The author also expresses strong views on the separation of money and state. He believes that the ability to endlessly print currency, run up national debt, and for the government to print money only backed by the credit of the federal government is antiquated. With the advances in Visa, debit cards, wire transfers, and the like, currency will no longer be needed in the near future. He instead advocates the use of credits linked to the valuation of a basket of commodities. This book is very fascinating and I believe we will see the advances he talks about come to fruition over the next few years. Very insightful read for curious minds.
Showing reviews 6-10 of 29
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