damerell: (reading)
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posted by [personal profile] damerell at 02:43pm on 16/04/2014
I'd like a book which explains something. Given that we're not on the gold standard or anything like that, where does money come from? Who decides how much of it there is in circulation? That sort of thing.
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fanf: (Default)
posted by [personal profile] fanf at 02:14pm on 16/04/2014
It turns out that the Bank of England recently published an article on just this topic - http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1prereleasearticlemoney.aspx
pseudomonas: per bend sinister azure and or a chameleon counterchanged (Default)
posted by [personal profile] pseudomonas at 02:39pm on 16/04/2014
I recommend Tim Harford's The Undercover Economist Strikes Back, which covers a lot of aspects of macroeconomics, including money supply.
ptc24: (Default)
posted by [personal profile] ptc24 at 05:15pm on 16/04/2014
It's certainly a good read.

The book I wouldn't recommend as such, but found memorable, is Murray Rothbard's The Mystery of Banking, you can find it one the internet, at least you could a few years back. My experience of reading it can be summed up by this condensed inner monologue:

"Hmmm, this is quite interesting, and very readable... he's putting that point a bit strongly... oh, come on, try to be fair here... Hmmm, could this guy be one of those libertarians I keep hearing about? [checks wikipedia] Big famous libertarian academic, libertarian as *&@!"

The particular thing that stuck in my mind was how much in favour of bank runs he was. Much better written and more scholarly than the ravings of the average internet libertarian, but at the end of the day fundamentally the same thing. So not really recommended, and seeing as it was written in 1983 and takes a broad sweep of history, not really an answer to the question either...
ewx: (Default)
posted by [personal profile] ewx at 09:49pm on 16/04/2014
Debt: The First 5000 Years might be worth a look for a long-term perspective, if you've not read it already. If you only want the details of how the system works right now then you might find wading through Assyrians unrewarding though.
gossmore: (Default)
posted by [personal profile] gossmore at 01:34pm on 21/04/2014
You should probably take it with a pinch of salt: the author had a few howlers about Silicon Valley's political history, which damned it in the eyes of not a few.

A friend who's in more of a position to know has not actually been good enough to read the thing before me and vouch for the anthropology.

(I've still not read it, but it might be getting nearer.)

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