Paper Money

by George Jerome Waldo Goodman and George Goodman

Book Overview

The best book there is abouth the stock market and all that goes with it. The name of the game maybe money: the name of this book is fun. This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0671448250
• ISBN13: 9780671448257
• Release Date: January 1981
• Publisher: Summit Books
• Length: 335 Pages
• Weight: 1.25 lbs.

Customer Reviews

Deja Vu all over again

This is a great book. Written in '80 (pub date 81) it analyzes the underlying economy that gave rise to the late 70's 'stagflation'. It does not give a prescription for investing in such a period (which appears to be returning) but allows the astute reader to study the economic policies put in place in the 80's that "cured" the country. The author has a wonderful, positive voice that makes reading this economic text a pleasure.

Incredible

What a surprise! Just read this book to discover that the present economical crisis started when US become involved with OPEC. Read this book as if the dates were 2008. You will see that the world is in real trouble. An excellent introduction to US dependency on easy money and credit.

Paper Money by Adam Smith

This book written in the early eighties really spelled out what is happening today in regard to the foreclosures and the price of oil and why it is so high. After reading this book I realize the American Dollar is worthless on the world market. Everyone should read this book!

One of my all time favorites...

I first read this book back when it came out, and have reread it twice over the years since. It's lessons continue to be relevant. I have to say that some of the other reviews I've read here, leave me scratching my head as to how they could find it boring, or complain in one case that the book gets boughed down talking about OPEC. Gold, the oil industry, OPEC, and their effects on the economy are the whole point of the book! Like anything else, I guess, you take out what you put in. So, don't read this book if you aren't interested in knowing how these worked then, and continue to work now in shaping the economic realities we all struggle to coexist with.

A Classic, a "must read" in order to understand the 70's

I have read this book twice, once in college as an economics major, shortly after it was released, and again a few weeks ago. I thoroughly enjoyed both times. Although Smith rambles at times, it is an entertaining and informative look at macroeconomics in the 70's and teaches things that you won't find in Economics 101 textbooks. If you like reading about these matters, you'll find this book enlightening and fun. If you don't, there may be enough anecdotes, and such, to keep your interest through the book, but it won't be enjoyable for you. (There's a reason they call economics "the dismal science.")