The Nobel Prizeâwinning economist explains how value is created, and how that affects everything from your paycheck to global markets. Â In this âlively, enlightening introduction to monetary historyâ (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. Â With anecdotes revealing the far-reaching consequences of seemingly minor eventsâfor example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDRâs domestic politics helped communism triumph in Chinaâas 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 âthe most influential economist of the second half of the twentieth centuryâ by the Economist.
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