A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) / Peter L. Bernstein's Finance Classics (PDF)

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. 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 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 pieces.

Peter 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 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
economy.

This illuminating story about the heart of our economic system
is essential reading at a time when developments in finance are
more important than ever.