***Note: Must be able to access and read the book “Money: How the Destruction of the Dollar Threatens the Global Economy—And What We Can Do About It” by Mr. Forbes.***
After reading the book “Money” by Mr. Forbes answer the following questions in sequence. Answer each of the questions noted in each section below. Each section should be approximately one page in length. Additionally, judge the importance of a sound money system and assess the value of Steve Forbes’s conclusion in using the gold standard.
Section 1: Chapter 1: How We Got Here
What are Forbes’s reasons for the housing bubble and how it related to the Federal Reserve Bank’s policies?
What does a weak dollar mean and what issues may come of it?
What one other concept or idea stood out to you in Chapter 1?
Section 2: Chapter 2: What Is Money
Why must money be stable?
What is Forbes’s prediction of Bitcoin?
This was noted at the end of the chapter: “Money measures wealth, but it does not create it.” What does this statement mean?
Section 3: Chapter 3: Money and Trade
What did Nixon do with the gold standard and what was the impact?
What is Forbes’s view of trade deficits? Are his viewpoints good or bad?
What one other concept or idea stood out to you in Chapter 3?
Section 4: Chapter 4: Money Versus Wealth; Chapter 5: Money and Morality
What happens when the supply of money is increased?
How can changes in monetary policy act as a system of communication?
How are money and trust tied together?
What one other concept or idea stood out to you in either Chapter 4 or 5?
Section 5: Chapter 6: The Gold Standard
What is the gold standard and how might it work in the US?
Why does Steve Forbes believe the gold standard should be brought back?
What is your overall conclusion of Steve Forbes’s view of money?
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