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| Money of the Mind | 
 enlarge | Author: James Grant
Publisher: Farrar, Straus and Giroux
Category: Book
List Price: $35.00
Buy New: $23.85
You Save: $11.15 (32%)
Buy New/Used from $23.85
Avg. Customer Rating:  (5 reviews)
Sales Rank: 37078
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 528
Shipping Weight (lbs): 1.7
Dimensions (in): 8.8 x 6 x 1.4
ISBN: 0374524017
Dewey Decimal Number: 332.70973
EAN: 9780374524012
ASIN: 0374524017
Publication Date: May 1, 1994
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
"A brilliantly eccentric, kaleidoscopic tour of our credit lunacy. . . . A splendid, tooth-gnashing saga that should be savored for its ghoulish humor and passionately debated for its iconoclastic analysis. It is a fitting epitaph to the credit binge of the '80s."--Ron Chernow, The Wall Street Journal.
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| Customer Reviews:
 Nothing new under the sun in credit March 23, 2008
1 out of 1 found this review helpful
Mr. Grant writes a book now 15 years old that could be redone with a new chapter of the subprime follies. Hardly necessary as he goes over the last 100+ years of similar booms and busts of which subprime is the latest flavor. Knowing that America has recovered from all those busts actually provides some optimism versus the press's gloominess. When it seems darkest means its time to buy. Looking forward to a revised edition in a few years. Mr. Grant is an old time American not an anti-American, he's on record as Cleveland being his favorite President, hardly an anti-American.
This book is well worth the time providing some perspective on today's headlines.
Outstanding History of Credit in the U.S. since the Civil War March 18, 2008
1 out of 1 found this review helpful
This is THE outstanding history of credit in the US since the Civil War. Grant is a great writer who knows both how to turn a phrase and to dig out and provide the interesting, and sometimes odd-ball fact that is perfect for illustrating his larger point. Grant makes clear that the 20th Century was the century of the democratization of credit and the socialization of risk.
Grant is the best writer on Wall Street today... August 7, 2007
7 out of 9 found this review helpful
James Grant is the best writer of his generation on Wall Street today. Those looking for a romp or Wall Street Noir might be disappointed. But for a truly literate look at the world of debt, this book not only informs but entertains.
James Grant. Accept no substitutes.
 Good pictures, nothing about Milken's toupee April 19, 2007
0 out of 10 found this review helpful
there was a very clever quote mentioned in the book by banker Stillman:
"Every American should reduce his talking by at least two-thirds. There is rarely any reason to talk."
Translated into 2007 prices, I would say the fraction should be upped to at least four fifths.
Verdict: not a bad little book if you can look past the author's anti-Americanism
They Don't Mind Taking Your Money February 24, 2007
9 out of 10 found this review helpful
Though James Grant is an excellent writer, his florid style lends itself better to the short articles he publishes in his newsletter than to this mammoth history of American credit booms and busts. Having said that, if you slug through the details and the (always entertaining) anecdotes, the book can teach you an immense amount of financial history that has been largely forgotten along the way. Its thesis, in short, is that money has increasingly become a government sponsored fiction that serves to defeat the natural risk mechanisms of a healthy credit market (recall that it was written at the time of the S&L bailout). This historical perspective seems essential if you want to understand the liquid world of serial bubbles we have been swimming in for the past ten years, but it is also dangerous, insofar as it may make you want to buy a pile of gold to put in your concrete bunker.
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