How Much Money Does an Economy Need ?
By Hunter Lewis
- Publisher: Axios Press
- Number Of Pages: 185
- Publication Date: 2008-04-25
- ISBN-10 / ASIN: 0975366270
- ISBN-13 / EAN: 9780975366271
How Much Money Does an Economy Need? takes a subject that most people find difficult to decipher and makes it easy to understand. Not only easy, but fascinating, with startling insights in every chapter. This book is especially recommended for informed readers and public policy makers who want to get to the bottom of economics so that they can make better choices.
Summary: Another Point of View
I agree with the five-star rating given by the Midwest Book Review, but disagree with the assessment that Lewis’ book implies high unemployment and busts are necessary to an economy’s overall success. Lewis offers several explanations and perspectives (including his own) regarding the nature of depressions and unemployment, including that they are caused by the Federal Reserve printing too much money.
Summary: More is better when it comes to money, right?
More is better when it comes to money, right? “How Much Money Does an Economy Need? Solving the Central Economic Puzzle of Money, Prices, and Jobs” takes an interesting approach, saying that some of the negatives that the economy experiences such as high unemployment, layoffs, and bust cycles are a necessary evil for overall success. A strange sort of wisdom but wisdom nonetheless, “How Much Money Does an Economy Need? Solving the Central Economic Puzzle of Money, Prices, and Jobs” is recommended for its alternative point of view.
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