Well written, but sympathetic readers will find sounder footing elsewhere.
Another exhortation to dismantle the Federal Reserve System.
Opposition to central banking predates the nation’s founding. After financial panics, as in 2008, calls to repeal the 1913 Federal Reserve Act intensify. Shane (In God We Trust, 2007, etc.) offers a highly readable, plain-language explanation of our arcane monetary system but a rather breezily argued proposal to cure the national debt. He would replace the current system of lending new money into circulation through the issuance of corresponding public debt (Treasury bonds) with a debt-free system in which Congress creates money directly and the government spends it into circulation to pay its bills. Unlike former U.S. representative and presidential candidate Ron Paul, author of End the Fed, Shane does not favor restoring the gold standard as an external constraint on inflation, arguing instead that “the same trust, confidence, power and authority (fiat) that made the bond ‘good’ will make the bill ‘good’ as well.” He does not explain how Congress, locked in partisan wrangling with a 17 percent approval rating, will more effectively manage the money supply or serve the public interest, other than repeatedly intoning that it’s responsible to “We the People.” Like most Fed opponents, he criticizes its ownership structure and bankers’ inherent incentives to perpetuate debt, but he never mentions the statutory requirement that the Federal Reserve remit all profits above 6 percent to the U.S. Treasury (a record $88.9 billion in 2012). He lists numerous historical examples of direct money introduction but sidesteps how such systems have failed. Shane’s writing displays considerable acumen, but the book cites no sources and offers no bibliography. While formal credentials are not a prerequisite for writing about the subject (the cover describes him as a sailor, author, entrepreneur, business owner, trader and explorer), the gravity and scope of the changes he advocates beg for authority and intellectual context, rendering his argument more of a book-length op-ed than a solid advancement of the cause.
Well written, but sympathetic readers will find sounder footing elsewhere.Pub Date: May 1, 2013
ISBN: 978-1449790554
Page Count: 166
Publisher: Westbow Press
Review Posted Online: Dec. 17, 2018
Review Program: Kirkus Indie
BOOK REVIEW
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
BOOK REVIEW
IN THE NEWS
IN THE NEWS
These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.
A helpful guide to working effectively with people from other cultures.
“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.
These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.Pub Date: May 27, 2014
ISBN: 978-1-61039-250-1
Page Count: 288
Publisher: PublicAffairs
Review Posted Online: April 15, 2014
Kirkus Reviews Issue: May 1, 2014
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