The 21st Century Case for Gold: A New Information Theory of Money

This new book by George Gilder tackles key questions about how monetarism distorts the economy and leads to misallocation of investment. Gilder covers a variety of topics, including Milton Friedman’s greatest “error,” money supply and velocity, the perils of high-volume trading, Bitcoin and how it mimics Gold, and why a Gold Standard is superior to targeting based on a basket of commodities. FOREWORD: WHY A NEW CASE FOR GOLD? MONEY, GOLD, AND TIME/7 PART ONE: FRIEDMAN AND THE ENIGMA OF MONEY/13 PART TWO: THE GREAT RECESSION AND CENTRALIZED CONTROL OF MONEY/25 PART THREE: WHAT BITCOIN CAN TEACH/33 PART FOUR: MONEY IN INFORMATION THEORY/36 PART FIVE: THE HIGH COST OF MANIPULATING MONEY/49 PART SIX: VELOCITY = FREEDOM/66 PART SEVEN: WHERE ‘HAYEKS’ GO WRONG/70 CONCLUSION: A WRINKLE IN TIME/82 BIBLIOGRAPHY/95