A Primer on Money, Banking, and Gold PDF Ë A Primer


10 thoughts on “A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)

  1. Richard Richard says:

    This is a good introduction to how money and banking function however, it is very general, and most of the information is likely available for free on the internet When it was first published in 1965, this would have been one of the best sources for the information however, I would recommend 21st Century readers save their money.


  2. srdjan srdjan says:

    Easy to follow primer on a topic people should understand better how the economy actually works This deceptively easy read concisely conveys a ton of information, but I assume it s a much richer read if you have some familiarity with the topics covered I frequently found myself referencing prior readings reviewing concepts in my mind as I read through the work but it probably works as a good intro Its also full of historical curiosities that remind you how dynamic our monetary history has Easy to follow primer on a topic people should understand better how the economy actually works This deceptively easy read concisely conveys a ton of information, but I assume it s a much richer read if you have some familiarity with the topics covered I frequently found myself referencing prior readings reviewing concepts in my mind as I read through the work but it probably works as a good intro Its also full of historical curiosities that remind you how dynamic our monetary history has been over the last century and how we take it for granted Since 1933, only the U.S Government is allowed to own gold Further, a change in the price of gold requires Congressional action direct investments abroad by American concerns have been restrained by a set of direct controls the United States accrues relatively little bread and butter advantage from this position as a key currency A good, educational read that eloquently summarizes the things that haven t changed as well as preserving the historical oddities that have The soundness of our money rests upon the soundness of each individual borrower but the ultimate soundness of the borrowers depends upon the level of prosperity and rate of economic growth throughout the American economy


  3. E E says:

    Classic, accessible primer on moneyPeter L Bernstein s classic, originally published in the mid 1960s, provides a learned, generally accessible explanation of the workings of the American monetary system Of course, some of the information is quite out of date, but you ll understand that as you read For example, the author speaks extensively about the importance of gold in international finance yet gold has not really mattered since 1971 Moreover, the book came out before history taught the Classic, accessible primer on moneyPeter L Bernstein s classic, originally published in the mid 1960s, provides a learned, generally accessible explanation of the workings of the American monetary system Of course, some of the information is quite out of date, but you ll understand that as you read For example, the author speaks extensively about the importance of gold in international finance yet gold has not really mattered since 1971 Moreover, the book came out before history taught the lessons of the 1970s, 1980s and 1990s, not to mention the financial crisis that began in 2008 Former Fed Chair Paul Volcker s foreword and Bernstein s new introduction acknowledge these time lags The last quarter of the 20th century saw a very extensive reshaping of the financial system, including the creation of new financial entities and even new forms of money, so this primer is less useful and informative than it may have been when new Nonetheless, getAbstract finds that Bernstein s explanation of the fundamental workings of the Federal Reserve and of the role of commercial banks in the monetary system remains lucid and well worth reading


  4. Ed Terrell Ed Terrell says:

    Bernstein explains in fine prose the detailed machinations of how banks create money and how economics really works While A Primer focuses on describing the great gears of this clock, it does not fail to ignite flashes of insight and aha moments It is amazing how so much of this is still pertinent since it was written over 40 years ago while the US was still on the gold standard With precisence, though he predicts the move away from gold and the future demise of the Bretton Woods system Bernstein explains in fine prose the detailed machinations of how banks create money and how economics really works While A Primer focuses on describing the great gears of this clock, it does not fail to ignite flashes of insight and aha moments It is amazing how so much of this is still pertinent since it was written over 40 years ago while the US was still on the gold standard With precisence, though he predicts the move away from gold and the future demise of the Bretton Woods system He encourages us to think Is inflation the greatest threat Is monetary policy sufficient A thorougly clear description of the magic giant teeter totter we call our economy


  5. Brian Brian says:

    Fantastic book Troublingly, I think I might finally understand what money is an issue that has bothered me for most of my life The troubling bit is that money doesn t really exist It represents littlethan an idea That s a facile explanation, but it sor less where the explanation begins Next stop Keynes and Bagehot


  6. Jiri Kram Jiri Kram says:

    If you ever wonder why gold and banks has such a special place in the history here is the answer It s a great foundation of modern theory of banking, money and gold Also it explains how banking looks like when money was backed by a gold Interesting comparison of today s world.


  7. Amit Amit says:

    A bit dated but still an excellent account of the workings of the treasury, fed and the banking system.


  8. Kalin Kalin says:

    The best book to understand how money works Although written 50 60 years ago, it is the best I have read about money.


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A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) ☂ [PDF / Epub] ☁ A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) By Peter L. Bernstein ✐ – Thomashillier.co.uk One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management N One of the foremost financial writers on Money, ePUB ´ of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity which have forewords by financial luminaries and new introductions by the author you can enjoy some of the best of Bernstein in his earlier Wall Street days With the proliferation of financial instruments, new A Primer PDF \ areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system its strengths as well as its weaknesses A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the piecesPeter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates He explores the Federal Reserve System and the consequences Primer on Money, ePUB ☆ of the Fed s actions on the overall economy But this book is not just about the past Bernstein s novel perspective on gold and the dollar is critical for today s decision makers, as he provides extensive views on the future of money, banking, and gold in the world economyThis illuminating story about the heart of our economic system is essential reading at a time when developments in finance are important than ever.

    Free Unlimited eBook time when developments in finance are important than ever."/>
  • Paperback
  • 237 pages
  • A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)
  • Peter L. Bernstein
  • English
  • 05 October 2019
  • 0470287586

About the Author: Peter L. Bernstein

Founder and President of Peter L on Money, ePUB ´ Bernstein, Inc which he established in as economic consultants to institutional investors and corporations around the worldIn , after teaching economics at Williams College and a five year stint in commercial banking, Peter became Chief Executive of a nationally known investment counsel firm, where he personally managed billions of dollars of individual and institutional portfolios The assets under management at the firm had grownthan tenfold by the time he resigned in to launch Peter L Bernstein, IncPeter A Primer PDF \ was the first Editor of The Journal of Portfolio Management in , a widely read scholarly journal for investment managers and academics in the field of finance and investments He is now Consulting Editor of the JournalHe served for many years on the Visiting Committee to the Economics Department at Harvard University, as a Trustee and member of the Finance Committee of the College Retirement Equities Fund CREF , and as a Trustee of the Investment Management Workshop sponsored by the Association for Investment Management Research Primer on Money, ePUB ☆ AIMRHe is the author of nine books in economics and finance plus countless articles in professional journals such as The Harvard Business Review and the Financial Analysts Journal, and in the popular press, including The New York Times, The Wall Street Journal, Worth Magazine, and Bloomberg publications He has contributed to collections of articles published by Perseus and FT Mastering, among othersHe lectures widely throughout the United States and abroad on risk management, asset allocation, portfolio strategy, and market historyPeter graduated from Harvard College with a degree in economics, magna cum laude He was also elected to Phi Beta KappaAfter serving as a member of the research staff at the Federal Reserve Bank of New York and in a civilian capacity at the Office of Strategic Services in Washington, he joined the armed services and rose to the rank of captain in the Air Force in World War II, assigned to the Office of Strategic Services in the European theaterHe taught economics for many years as an adjunct professor on the Graduate Faculty of the New School for Social Research in New YorkPeter has received three major awards from the Association for Investment Management Research AIMR , the key organization for investment managers and analysts The Award for Professional Excellence, AIMR s highest award, The Graham Dodd Award, given annually for the outstanding article in the Financial Analysts Journal for the previous year, and The James R Vertin Award, recognizing individuals who have produced a body of research notable for its relevance and enduring value to investment professionals.