1. Why Another Book about Money? -- 2. Imagine a World Without Money -- 3. A Brief History of Money -- 4. Saving, Lending, Borrowing, and the Banking Sector -- 5. Central Banks, Monetary Policy, and the Economy -- 6. The Financial Crisis of 2007-2009 and the Great Recession -- 7. Economic Growth...

Different long-run rates of growth of money supply are eventually reflected in different rates of inflation. Tobin studied this in a simple descriptive model with aggregate saving depending only on current income. It was found that money growth was associated with higher capital stock and output...