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October 8, 2013 > ÒThe Book of MoneyÓ by Daniel Conaghan & Dan Smith

ÒThe Book of MoneyÓ by Daniel Conaghan & Dan Smith

ThereÕs not enough money in your wallet.

Actually, when you get right down to it, there never is. ThereÕs always something else you want to buy, always another plan, idea or future desire to save for, or buy. The truth is, you just canÕt get enough money.

But what do you know about those Benjamins in your bankbook? Whatever your knowledge, learn more by reading ÒThe Book of MoneyÓ by Daniel Conaghan & Dan Smith.

Nobody, of course, knows exactly when humans created currency, but historians believe that it happened in Mesopotamia Òat least 5,000 years ago.Ó A king in the Middle East later minted coins, and the Greeks followed suit by making them from bronze nearly 2,500 years ago. That money had to go somewhere, so banks were eventually created - and since banks need funding, too, methods of credit were invented.

WeÕve come a long way from there: we have PayPal, mobile money, a global economy, and online banking. We have more options than did our ancestors Ð and we have more disparity.

TodayÕs wealth is very unequally distributed, world-wide, and the gap is becoming a canyon: a tiny percentage of the worldÕs adults own the vast majority of the money pie. Land prices skyrocket on some continents and nose-dive on others. A single dollar buys a half-gallon of milk in Kenya, but only a third of a latte here. Our debt ceiling climbs to headspinning heights, while that of Germany and the Netherlands is Òrelatively modest.Ó

So whatÕs a person to do?

Well, you could play the lottery or the market, but there are pitfalls to both. You can go into politics. You could invent the next new thing in banking, or you could rob one. If youÕre savvy, you might marry into money, or inherit it. You could get more money by borrowing it, but youÕd have to pay it back. And if all else fails, you could do it the old-fashioned way, and save.

Getting more money is going to take familiarity with science and psychology. YouÕll need to know terms and differences between kinds of banks, and have an understanding of the worldÕs economies Ð info thatÕs all in this book.

But just remember: money canÕt buy happiness.

It does, however, buy you more fun.

So you say you know what you like: itÕs green and foldable and thatÕs what matters. But thereÕs a lot more to moola, and ÒThe Book of MoneyÓ helps you understand it all.

It would be difficult, in fact, to come up with some facet of economics that isnÕt included here. Authors Daniel Conaghan and Dan Smith even touch upon subjects that donÕt, initially, seem to have anything to do with money but they point out correlations in easy-to-grasp language, graphs, full-color pictures, and plenty of sidebars.

This is one of those volumes that youÕll want to keep in your office, for reference or for fun. Either way, if youÕve a passion for pesos (and more!), ÒThe Book of MoneyÓ is a book youÕll never get enough of.

c.2013, Firefly Books
$29.95 U.S. and Canada
256 pages

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