Better Money: Gold, Fiat, or Bitcoin?" Lawrence H.
An In-Depth Analysis of Modern Monetary Systems
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Dive into the riveting world of monetary systems with 'Better Money: Gold, Fiat, or Bitcoin?' by Lawrence H. White. This enlightening book delves deep into the ongoing debate surrounding alternative currencies, offering expertly-crafted insights and thorough discussions on gold, fiat currency, and Bitcoin. Whether you're an economist, investor, or curious reader, this comprehensive guide will equip you with the knowledge to understand and evaluate the nuances of these monetary options. The book "Better Money: Gold, Fiat, or Bitcoin?" Lawrence H. White's work comes as a response to the heated debate regarding alternative monetary systems, especially triggered by the increasing rate of inflation in the world's main currencies such as the US dollar, pound sterling and euro.1 Amid the heated discussions regarding Bitcoin in recent years, a fundamental understanding of how Bitcoin and gold—the two leading candidates to replace fiat money—will function as a monetary standard remains scarce.1 Written by a pioneering economist in the study of alternative monetary institutions, this book aims to explain and evaluate clearly and without excessive sensationalism three potential monetary standards: gold, the fiat money we use every day, and Bitcoin.1 White tries to cut through the layers hype and the misconceptions that often surround discussions of gold and Bitcoin, presents an analysis grounded in basic economic principles and historical evidence for an informative comparison.1 The rise in global inflation is an important context that drives the relevance of this book; this is not simply a theoretical exercise, but rather an analysis driven by the real economic challenges facing today's monetary system, showing that White sees the existing fiat system as facing problems that require serious exploration of alternatives.1