Robert Pringle has a new book out called The Power of Money. I posted a brief summary of it here:
https://lonestarwhitehouse.blogspot.com/2020/01/summary-of-some-key-messages-from-power.html
He forwarded me an email with some of his additional thoughts on the issues he talks about in the book along with a copy of the ebook. I posted his email comments exactly as he sent them to me.
Before I read the book, I expected it to be a somewhat dry recount of history and a dive into central bank monetary policies. While the book does look at that in a general way, it goes far beyond that and (at least to me) was much more interesting than I expected. Mr. Pringle has worked inside the power structure that runs our monetary system for over 40 years. When he talks about things that happened he is speaking from direct observation of the events as he saw them unfold in real time. When he shares some personal stories and anecdotes, they are taken from knowing the people who have run the system at the central banks personally. That alone made it interesting to me.
I will add that if you are a millennial that wants to study these issues and really dig into the history of how we got where we are today and why hugely important historical decisions were made that still impact us today, I heartily recommend this book. The book reminds me of another book called Tragedy and Hope written by Carroll Quigley, former Georgetown University professor and a true system insider. But this book is much easier to read and less "elitist" in my opinion. Robert Pringle tends to reject many of the views that those around him (that many would call "the elites") came to hold dear and his views evolved over time as he watched events unfold and saw how people were impacted.
In this book, Robert Pringle argues that various forms of money and monetary policies come and go over time, but the power of money on society (and whether it is used for good or bad purposes) remains a constant. I found it a very worthwhile read.
https://lonestarwhitehouse.blogspot.com/2020/01/summary-of-some-key-messages-from-power.html
He forwarded me an email with some of his additional thoughts on the issues he talks about in the book along with a copy of the ebook. I posted his email comments exactly as he sent them to me.
Before I read the book, I expected it to be a somewhat dry recount of history and a dive into central bank monetary policies. While the book does look at that in a general way, it goes far beyond that and (at least to me) was much more interesting than I expected. Mr. Pringle has worked inside the power structure that runs our monetary system for over 40 years. When he talks about things that happened he is speaking from direct observation of the events as he saw them unfold in real time. When he shares some personal stories and anecdotes, they are taken from knowing the people who have run the system at the central banks personally. That alone made it interesting to me.
I will add that if you are a millennial that wants to study these issues and really dig into the history of how we got where we are today and why hugely important historical decisions were made that still impact us today, I heartily recommend this book. The book reminds me of another book called Tragedy and Hope written by Carroll Quigley, former Georgetown University professor and a true system insider. But this book is much easier to read and less "elitist" in my opinion. Robert Pringle tends to reject many of the views that those around him (that many would call "the elites") came to hold dear and his views evolved over time as he watched events unfold and saw how people were impacted.
In this book, Robert Pringle argues that various forms of money and monetary policies come and go over time, but the power of money on society (and whether it is used for good or bad purposes) remains a constant. I found it a very worthwhile read.
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