You have a vital interest in preserving the value of your savings and investments. The great difficulty of that effort has been demonstrated over the last 6 decades by the loss of more than 90 percent of the dollar's purchasing power.
Despite much rhetoric from those charged with preserving the value of your dollar, the Federal Reserve, U.S. Treasury, Congress, and the Presidency clearly have failed to safeguard the value of your money and have greatly complicated long-term planning by producers, consumers, savers, and investors. Recurring financial crises such as persistent inflation, the several oil price shocks, great real estate speculations, foreign currency turmoil, and recent domestic and then international banking fiascoes are consequences of that now historic failure by monetary authorities.
Such massive distortions need not plague your future; your wages need not lose purchasing power. Indeed, your money should increase in buying power as our modern, competitive economy almost continually produces more and better goods. For example, the falling prices of, say, computers should have been shared by myriad other goods ranging from baked bread to health care.
This book tells how money has conferred power and profits to those in positions to monopolize its production, abuse their power, and ultimately destroy the value of the nation's economy. It tells why government has not and will not -- because it can not -- preserve the value of your money. It tells how we as a modern nation can use market forces rather than government fiat to regulate the production and management of our economy.
This book makes the case that a steady erosion in the value of our nation's money is not inevitable. It is concise and readable, a must read for anyone interested in the history of money and with the declining state of our nation's monetary affairs.
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