Money Mischief

The Nobel Prize–winning economist explains how value is created, and how that affects everything from your paycheck to global markets. In this “lively, enlightening introduction to monetary history” (Kirkus Reviews), one of the leading figures of the Chicago school of economics that rejected the theories of John Maynard Keynes offers a journey through history to illustrate the importance of understanding monetary economics, and how monetary theory can ignite or deepen inflation. With anecdotes revealing the far-reaching consequences of seemingly minor events—for example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDR’s domestic politics helped communism triumph in China—as well as plain-English explanations of what the monetary system in the United States means for your personal finances and for everyone from the small business owner on Main Street to the banker on Wall Street, Money Mischief is an enlightening read from the author of Capitalism and Freedom and Free to Choose, who was called “the most influential economist of the second half of the twentieth century” by the Economist.

A Nobel Prize Laureate in Economics makes clear once and for all that no one is immune to the effects of monetary economics--both its theory and practices. He demonstrates through historical episodes the mischief that can result from misunderstanding the monetary system.

Somebody has stolen money from the soccer team. Everyone thinks Tom, the team's big bully, did it, but he says it wasn't him. Should Adam, Amy, Joy, and Sam believe him and help? They will have to figure out how much money was stolen—and also why! The kids work with dollars and cents to find . . . The Hundred-Dollar Robber.

"Ten mice wake and get their home ready for the circus. As they clean and play, these colorful and acrobatic creatures demonstrate how the numbers from 1 to 9 can add up to 10"--Dust jacket.

Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).

As wild and sexy and over the top as the decade it brings to life, author, William Stadiem, tells the inside story of Hollywood producers in the 80s. From hits like Beverly Hills Cop, Top Gun and Batman to flops like Heaven's Gate, Howard the Duck and Leonard Part 6, Hollywood was never more excessive than it was in the 1980s. In this, the Moneywood era, the purse strings were not controlled by reasonably consenting adults but by pop culture cowboys who couldn't balance their own checkbooks. What they could do was sweet talk the talent, seduce the starlets, snowball the Japanese and slither out of Dodge when the low grosses trickled in. Their out of control lifestyles and know-nothing, raging narcissistic personalities make the original brutal studio heads like Sam Goldwyn and Jack Warner seem like Oxford dons. Yet, for all their flops, these Scoundrels of Spago turned Hollywood into a Big Business that was catnip to Wall Street. They were The Producers, and they were way beyond anything Mel Brooks could dream up. The Moneywood cast of characters includes: -Simpson and Bruckheimer; Guber and Peters; Eisner/Katzenberg/Ovitz: An unusual fresh take on the usual subjects. -Ray Stark, the wizard of Holmby Hills, the most powerful producer of the 80s. -Mario Kassar and Andy Vajna, the Rambo boys, who went from making wigs to making blockbusters. -Menahem Golan-Yoram Globus, the Israeli schlockmeisters who proved that every star had a price. -David Begelman, the embezzler, gambler and sex addict who was rewarded for his sins by getting to run both Columbia and MGM. -Roland Betts, the aristocratic Silver Screen Partners founder and former Yale frat-mate of George W. Bush who was a master at playing the Reagan White House card. -Giancarlo Parretti, the Italian cannery worker who bought MGM, with a little help from his (Sicilian) friends. -David Puttnam The high-toned English advertising whiz who was supposed to raise the Hollywood bar, but ended up barred from Hollywood. Moneywood is the ultimate expose of the real hit men of Hollywood's go-go decade.

Relates the undercover work of George Rowe, who infiltrated the Vagos motorcycle gang, spending three years working to take down the gang from the inside.

He was the most celebrated and successful British investor of his generation - but it was all built on a lie. Neil Woodford spent years beating the market; betting against the dot com bubble and the banks before the financial crash in 2008, making blockbuster returns for investors and earning himself a reputation of 'the man who made Middle England rich'. But, in 2019, Woodford's asset management company collapsed, trapping hundreds of thousands of rainy-day savers in his flagship fund and hanging £3.6 billion in the balance. In Built on a Lie, Financial Times reporter Owen Walker reveals the disastrous failings of Woodford, the greed at the heart of his operation and the full, jaw-dropping story of Europe's biggest investment scandal in a decade. 'Vital financial journalism with heart' Emma Barnett, broadcaster 'This is a must read!' Vince Cable, former leader of the Liberal Democrats 'Reads like a rip roaring tale of a corporate high wire act' John McDonnell, former Shadow Chancellor 'Should be sold with a bottle of blood-pressure pills' Edward Lucas, The Time