A step up from Whatever Happened to Penny Candy in both subject matter and grade level, this deals with inflation, paper money, gold supply and interest rates. The concept of "velocity" of money circulation is discussed, with its resulting effect on your career, business, and investments. Richard Maybury also gives his two cents as to where you should invest your money.
The Money Mystery
Description
The Money Mystery further expands on the economic model presented in Whatever Happened to Penny Candy?
The Money Mystery explains the hidden force effecting your career, business, and investments. Some economics refer to this force as velocity, others to money demand. Whichever term is used, it is one of the least understood forces affecting your life. Knowing about velocity and money demand not only gives you an understanding of history that few others have, it prepares you to understand and avoid pitfalls in your career, business, and investments.
During the 1980s the velocity of circulation of the dollar became erratic; now the whole country is affected. The Money Mystery explains why Federal Reserve officials remain so afraid of inflation, explains precautions you should take, and explains the wild swings in the stock market.
Using the epistolary style of writing (using letters to tell a story), Mr. Maybury plays the part of an economist (Uncle Eric) writing a series of letters to his niece or nephew (Chris). Using stories and examples, Mr. Maybury gives interesting and clear explanations of topics that are generally thought to be too difficult for anyone but experts.
| Product Format: | Softcover Book |
|---|---|
| Grades: | 10-AD |
| Brand: | Bluestocking Press |
| Author: | Richard J. Maybury |
| ISBN: | 9780942617511 |
| Length in Inches: | 8.5 |
| Width in Inches: | 5.5 |
| Height in Inches: | 0.25 |
| Weight in Pounds: | 0.3688 |
| Ages: | 12+ |
| Edited by: | Jane A. Williams |
| Edition: | 3rd Edition; Illustrated |
| Pages: | 109 |
| Publication Date: | 6/4/2013 |
