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icy?] would lose gold to the U.S. and thereby be forced to contract and explode the bubble it had created.” Contract and explode a bubble? But this is the same magician who speaks (p. 261) of the Federal Reserve’s system for “changes in reverse requirements,” so help me.

The technical flaws are a problem, too. The desirable characteristics of money are listed on page 7 but ease of recognition is omitted; it finally appears, on page 273, as a footnote to chapter four. Seigniorage (p. 272) has a far broader meaning than simply the mint’s charge for recoinage. There are several definitions of money and several definitions of inflation, leaving the reader yearning for the accuracy and consistency of good old Ludwig von Mises. The pound sterling was not “exactly that—one pound of silver.” It was .925 fine. The date (p. 204) is not mid-1919 but one century earlier.

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icy?] would lose gold to the U.S. and thereby be forced to contract and explode the bubble it had created.” Contract and explode a bubble? But this is the same magician who speaks (p. 261) of the Federal Reserve’s system for “changes in reverse requirements,” so help me.

The technical flaws are a problem, too. The desirable characteristics of money are listed on page 7 but ease of recognition is omitted; it finally appears, on page 273, as a footnote to chapter four. Seigniorage (p. 272) has a far broader meaning than simply the mint’s charge for recoinage. There are several definitions of money and several definitions of inflation, leaving the reader yearning for the accuracy and consistency of good old Ludwig von Mises. The pound sterling was not “exactly that—one pound of silver.” It was .925 fine. The date (p. 204) is not mid-1919 but one century earlier.