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The recent rise of dollar, pound, and euro inflation rates has rekindled the debate over potential alternative monies, particularly gold and Bitcoin. Though Bitcoin has been much discussed in recent years, a basic understanding of how it and gold would work as monetary standards is rare. Accessibly written by a pioneering economist, Better Money explains and evaluates gold, fiat, and Bitcoin standards without hype. White uses simple supply-and-demand analysis to explain how these standards work, evaluating their relative merits and explaining their response to shocks, allowing for informed comparisons between them. This book addresses common misunderstandings of the gold standard and Bitcoin, using historical evidence to review the history of money with emphasis on the contest between market and government provision. Known for his work on alternative monetary institutions, White offers a reasoned discussion of which standard is most likely to provide a better money.
Introduction
pp 1-5
1 - Markets and Governments in the History of Money
pp 6-38
2 - How a Gold Standard Works
pp 39-75
3 - Common Misconceptions about the Gold Standard
pp 76-120
4 - How a Fiat Standard Works
pp 121-152
5 - How a Bitcoin Standard Works
pp 153-190
6 - Comparing and Contrasting Gold and Bitcoin Standards
pp 191-212
More info with CUP.
