The Money Illusion
| Author | : | |
| Rating | : | 4.42 (916 Votes) |
| Asin | : | 1617201804 |
| Format Type | : | paperback |
| Number of Pages | : | 116 Pages |
| Publish Date | : | 2014-08-07 |
| Language | : | English |
DESCRIPTION:
"Science goeth before the fall" according to Yaakov (James) Mosher. If you want a succinct primer on money and inflation look no further. Irving Fisher (1867-19Science goeth before the fall Yaakov (James) Mosher If you want a succinct primer on money and inflation look no further. Irving Fisher (1867-1947) packs a load into 245 pages of "The Money Illusion." Especially helpful are the definitions of "absolute" and "relative" inflation. The two are usually found together, Fisher notes. This has lead to the dropping of the terms "absolute" and "relative". 7) packs a load into 2Science goeth before the fall Yaakov (James) Mosher If you want a succinct primer on money and inflation look no further. Irving Fisher (1867-1947) packs a load into 245 pages of "The Money Illusion." Especially helpful are the definitions of "absolute" and "relative" inflation. The two are usually found together, Fisher notes. This has lead to the dropping of the terms "absolute" and "relative". 5 pages of "The Money Illusion." Especially helpful are the definitions of "absolute" and "relative" inflation. The two are usually found together, Fisher notes. This has lead to the dropping of the terms "absolute" and "relative". Five Stars Mr. William M. Thomas Must read. "I Love Fisher's writing style but the topic wasn't broad enough" according to Robert Kirk. The money illusion, AKA inflation and currency deflation, has been explained extremely well in this book but it's simply not the most interesting topic that Fisher has written about. He seemed to have to find too many examples to defend his case but it wasn't really necessary. He is a master of writing and explaining these complicated subject m
The term was coined by John Maynard Keynes in the early twentieth century. In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. It may seem strange but it is true that we see the rise or fall of foreign money better than we see that of our own.-IRVING FISHER Wilder Publications is a green publisher. Almost every one is subject to the "Money Illusion" in respect to his own country's currency. All of our books are printed to order. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. This reduces waste and helps us keep prices low while greatly reducing our impact on the environment.. This seems to him to be stationary while the money of other countries seems to change