---
product_id: 11650971
title: "Money Mischief: Episodes in Monetary History"
brand: "milton friedman"
price: "119.71 DT"
currency: TND
in_stock: true
reviews_count: 10
url: https://www.desertcart.tn/products/11650971-money-mischief-episodes-in-monetary-history
store_origin: TN
region: Tunisia
---

# Money Mischief: Episodes in Monetary History

**Brand:** milton friedman
**Price:** 119.71 DT
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** Money Mischief: Episodes in Monetary History by milton friedman
- **How much does it cost?** 119.71 DT with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.tn](https://www.desertcart.tn/products/11650971-money-mischief-episodes-in-monetary-history)

## Best For

- milton friedman enthusiasts

## Why This Product

- Trusted milton friedman brand quality
- Free international shipping included
- Worldwide delivery with tracking
- 15-day hassle-free returns

## Description

Money Mischief: Episodes in Monetary History

## Images

![Money Mischief: Episodes in Monetary History - Image 1](https://m.media-amazon.com/images/I/413iyCedVRL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ 







  
  
    Excellent review of so many manmade financial disasters
  

*by T***F on Reviewed in the United States on March 4, 2023*

Milton Friedman is a giant in the field of Economics. This book briefly covers monetary history which sets a backdrop to some huge financial disasters. As always, it is the little guy who gets hurt when governments print money faster than the country's output rises. Though written in 1991 and covering the inflationary spending disasters in the US and Europe in the 70s, and 80s, it remains germane for today's financial disasters in the US and elsewhere. Especially important is chapter eight "The Cause and Cure of Inflation". It is spot on in its description of how inflation starts, why it increases, and why it is hard to stop. And it provides the only cure. Reduce the money supply.Today, in the US, the federal government causes inflation by spending trillions it does not have, which really hurts the middle class. Then, their solution is to raise interest rates, which also hurts the middle class. And so much of that spending was wasted on nonsensical junk projects, that will never payoff. We have saddled the coming generations with 30+ trillions of debts, and by 2030, it will likely be $50T.Economists define inflation (simply) as too much money, chasing too few goods. They never tell us where the excess money comes from. They blame us, the middle class.  We can’t increase the money supply. Greedy companies cannot increase the money supply. Big unions can’t increase the money supply. The only entities that can increase the money supply are governments. And that they do eagerly.  In the US, that is done by the Federal Reserve. We are in for a bumpy future.This work is timeless.

### ⭐⭐⭐⭐ 







  
  
    The Power of Monetary Thinking
  

*by O***Y on Reviewed in the United States on March 11, 2004*

In his best selling study, Robert L. Heilbroner calls Economists 'The worldly philosophers'. That description certainly captures what Milton Friedman does in this book - he takes the seemingly simple concept of money, the unit of exchange we use daily and rarely reflect upon, and demonstrates how complicated the issues regarding it are.(As an interesting aside, Heilbroner's original title for his book was 'the money philosophers' - a definition that fits Friedman in this book even better then his chosen title, even if it is too narrow to account for all of economics).More then half of this collection of essays is about the so-called 'Crime of 1873' - America's decision, following the issuance of fiat money (that is, money irredeemable in specie) during the Civil War, to peg the dollar not to both silver and gold, but to gold alone. This seemingly arcane and academic topic was a major political issue in the 1880s and 90s, climaxing with the nomination of the silver Democrat, William Jennings Bryan to the presidency of the United States in 1896.As the Unites States, along with most other 19th century nations such as Germany and France, followed Great Britain in adopting the gold standard, the price of gold rose in terms of other resources, so prices went down. Therefore there was a severe deflation causing much unrest and discontent.The cure to the deflation came not through political or monetary means, however, but because of an invention of a method to extract gold from low grade ore. This increased the supply of gold, lowered its prices. Hence stopping the deflation, and killing the presidential ambitions of William Jennings Bryan.The rest of the book describes various issues, from FDR's decision to 'help silver' which helped Communism in China instead (by increasing the cost of silver, overvaluing the Chinese currency and thus hurting Chinese exports and undermining the Chinese economy), to the policy of pegging a currency to the dollar (not a good idea as it subjects the country to the whims of the world economy. The policy was a grave failure to Chile and a great success to Israel, due entirely to external changes in the value of the dollar).The theme of the later parts of the book is undoubtedly inflation. Friedman demonstrates his claim that inflation is "always and everywhere a monetary phenomenon" (p.104). Inflation is caused by government increasing the money supply, although one time price increases may be caused by unfortunate outside events (like Arabs reduction of the exportation of oil in the early 1979s).Although Friedman is well known as an economic right winger, there is nothing in this account that should be displeasing to anyone from the left - Friedman's case is against mismanagement, not for small or big governments. Nor is there any argument about whether government spending should go to the military, to welfare, or to any other cause. Although Friedman's book is filled with stories of the political economy, its moral is politically neutral. Indeed, Friedman clearly discusses how inflation is often used by governments because direct taxation is unpopular (p.205) - can you say "read my lips, no new taxes"?Furthermore, the economic analysis of some reviewers in Amazon is shaky. Friedman writes "all these adjustments [the negative effects of inflation] are set in motion by changes in the rates of monetary growth and inflation. If monetary growth was high but steady... the economy would adjust to it. ... Such an inflation would do no great harm " (p.222).Although Friedman does not like inflation, he actually makes a case for it, at least at a low single digit level. Since people are usually sellers of few things and purchasers of many, they are more aware of the increase in the price of the commodity they sell then they are of the increase of general prices, especially when those changes are low. People like to see their income go up, as they feel it is a just reward for their efforts (p. 70).'Money Mischief' is an interesting, challenging book. Its chapters vary from the extremely technical and difficult, (notably chapter 4, a counter-factual exercise estimating the effect of continuing bimetallism after 1873), to 'pop economics' chapters which are no less enlightening and easier to read.The book ends with a discussion of the new experiment started in the 1970s - currency which is entirely unredeemable by any kind of good. Earlier economists thought that this was impossible, and would necessarily lead to high inflation, but Friedman is optimistic - he believes that aware and well informed public and decision makers can pressure the government against unduly increasing the money supply. Thus, widespread understanding of economics is the real cure for inflation.

### ⭐⭐⭐⭐⭐ 







  
  
    Great Read!!
  

*by K***R on Reviewed in the United States on October 11, 2022*

Friedman is one of the brightest stars in the economics world.  This is a great book full of interesting anecdotes and history, anyone would enjoy.  The subject covered is very much in vogue with today’s inflationary environment.

---

## Why Shop on Desertcart?

- 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016
- 🌍 **Shop Globally** — Access 737+ million products across 21 categories
- 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price
- 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members)
- 🔒 **Secure Payments** — Trusted payment options with buyer protection
- ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews

**Shop now:** [https://www.desertcart.tn/products/11650971-money-mischief-episodes-in-monetary-history](https://www.desertcart.tn/products/11650971-money-mischief-episodes-in-monetary-history)

---

*Product available on Desertcart Tunisia*
*Store origin: TN*
*Last updated: 2026-02-10*