Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It by Chairman and Editor-in-Chief of Forbes Media, Steve Forbes, and co-author Elizabeth Ames presents a compelling—and controversial—argument about why a return to a sound US dollar and a new gold standard are vital to a healthy global economy.
Few topics are as misunderstood today as the subject of money. Since the U.S. abandoned a gold-linked dollar more than four decades ago, the world’s governments have slid into a dangerous ignorance of the fundamental monetary principles that guided the world’s most successful economies for centuries. Forbes and Ames show how today’s wrong-headed money policies—espoused and enacted by Obama and other heads of state around the world—are now setting the stage for a new global economic and social catastrophe that could rival the recent financial crisis and even the horrors of the 1930s. They also explain how the Bernanke/Yellen Federal Reserve and its unstable dollar policies have been accelerating the US’ course toward disaster, and what can be done to stop it.
The authors explain how a weak US dollar is at the heart of many problems today, including:
- The weak economic recovery
- Slower long-term growth and higher unemployment
- High food and fuel prices
- Declining mobility, greater inequality, and the destruction of personal wealth
- Increased volatility and currency crises
- Lower levels of business innovation and entrepreneurship
Money argues that the most effective way to return to a sound money policy and a healthy economy is to put the US dollar back on a gold standard, and Forbes and Ames outline the different forms a gold standard could take in today’s global economy. Forbes and Ames have trenchant insights into the economies and currencies of the European Union, China, Japan, and many emerging markets, and they share invaluable suggestions for how to preserve readers’ wealth and where to invest money now.
Money is essential reading for anyone interested in the causes and implications of the current turbulence in worldwide markets and what can be done to bring about a stable and prosperous global economy.
ABOUT THE AUTHORS
Steve Forbes is coauthor of the New York Times bestseller Power Ambition Glory and the Wall Street Journal bestseller How Capitalism Will Save Us. Forbes is Chairman and Editor-in-Chief of Forbes Media, which publishes Forbes magazine, with a circulation of nearly one million readers. Combined with Forbes Asia, Forbes Europe, and the company’s licensee editions, the magazine reaches close to 6 million global readers. Forbes.com reaches 65 million unique monthly visitors.
Elizabeth Ames is a communications executive, speaker and author. She has written two previous books with Steve Forbes, How Capitalism Will Save Us and Freedom Manifesto.
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