Released: 30th March 2023
Genre: Non-Fiction, Economics, Politics, Society
Number of Pages: 183
Known for his work as a Sunday Times columnist and investment project Property Hub, Rob Dix has built up a large amount of financial knowledge. His latest book, The Price of Money, shares the key bullet points with a wider audience.
The Price of Money is one part history lesson and the other a set of money-making tips that are passed onto the reader. In the early going, Dix goes through the long timeline of currency and trade and emphasising significant events. President Richard Nixon abandoning the gold standard in 1971, the global financial crisis of 2008 and most recently the COVID-19 pandemic that forced many central banks to take drastic action. As the chapters progress, we see the dynamic between money and influence, especially in western countries. Be prepared to get familiar with terms like quantitative easing, inflation and others as you read through.
In turn, the author shows the effect of these decisions on markets, economies and finally the general population. He doesn’t hold back from the detrimental side as the financial situation in the 2020s has been very dire for many households. With these focal points in mind, Rob lays out his recommendations in the latter half of the book. Split into investment decisions and a pragmatic mind-set towards world events, this is definitely the best element. Dix never becomes too wordy or technical with the descriptions, making the book accessible to a wider audience.
Recommended?
YES: The Price of Money stakes its claim as a compact and effective primer that doesn’t require a full understanding of economics. It confidently explains how the monetary system works and how best to leverage the markets in your favour. If you’ve never delved into these topics before, it will take some time to wrap your head around them, but Rob’s book is still recommended.
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