Economics | June 2024 | Must Read | Advanced
What is money really? Trust, power, hoax? Who decides how wealth is dispersed? Is there a fatal flaw in capitalism today due to its lack of an upper limit?
Secrets of the Temple offers a masterful depiction of the Federal Reserve’s history, power, functions, and societal role. Marriner Eccles, Nancy Teeters, and Paul Volcker have become some of my new economic heroes.Although the book could be likened to four novels in one, it is well worth the time and effort.
Understanding history is crucial for recognizing patterns in the present day. The current high inflation heading into the most fiscally stimulative presidential term in history echoes the period from 1979 to 1984. In my view, this book stands as one of the most important I have ever read.
