Don't use plagiarized sources. Get Your Custom Essay on
Just from $9/Page
Order Essay


Institution Affiliation

Student Name











In Money We Trust? Documentary and Money Book Analysis


Money is always at the center of every modern discussion in the world today. Basically, everything revolves around money, from everyday bills to lifestyle to social activities such as education and entertainment. While money can be defined as currency or value in exchange for a good or service, other individuals have also viewed money as a power source in society. This is a common belief, especially with wealthy individuals who believe that the more money they accumulate, the more power they gain. Promoters of this view believe that having more money will allow you to buy whatever you want, including power and influence. In this paper, the analysis will be on Steve Forbes Money book and the documentary In Money We Trust and look at how important a sound money system is in a country.

Section 1: Chapter 1: How We Got Here

In the first chapter, Forbes recollects how the American economy suffered a crisis in 2008 and what could have possibly gone wrong to initiate this crisis. Forbes posits that the housing bubble of 2008 was caused by some of the decisions made by the government and other business institutions. The government failed to impose regulations while individuals were motivated by greed. However, the main cause of the crisis can be attributed to the decline of the dollar value with little progression in economic growth. There was very little progress regarding economic growth that, in the 1990s, banks did not offer loans,, so there was a very little circulation of money in the economy. The Feds flooded the money market with cheap dollars, a decision that led to the disastrous housing bubble. According to Forbes and Ames, there would have been no bubble without the Feds flooding of the subprime mortgage market with cheap dollars. (2014). Instead of increasing the monetary base, the Feds decided to purchase long-term treasuries and securities that were backed by a mortgage. This resulted in only the government and business institutions benefitting and not the individuals that create jobs (Forbes & Ames, 2014). The Fed’s previous actions forced them to raise rates later on, which caused the market to collapse since several individuals were in no position to pay the adjusted rates on mortgages.

A weak dollar was the main contributor to the housing bubble and the economic slump of 2008. A weakened dollars effect can be felt in all corners of the world but most especially in developing nations whose currency is pegged on the dollar. When there is inflation in the United States, and food prices go up, the ripple effect will be felt worldwide. Food prices in developing countries will also go up, and as Forbes and Ames posit, Food takes up a greater portion of peoples incomes (2014). A weakened dollar is also the main reason for the increase in double-income earning families since every adult now has to work to make ends meet.

A standout concept was how weakened solar has many economic effects, including slow economic growth in the United States. According to Forbes and Ames, an unstable currency means an unstable economy and less prosperity. (2014)

Section 2: Chapter 2: What Is Money?

In the second chapter, Forbes gives a proper analysis of what money is and its uses. Forbes also goes ahead to discuss why the stability of the currency is vital. According to Forbes and Ames, money is a measure of value that allows transactions to go on and provide a communication system (2014). Forbes posits that to achieve economic stability and allow for easy exchange for goods and services while maintaining individual purchasing power over a long period of time. This simply means that years back, the dollar’s value was stronger than it is now, but due to inflation, the value of the dollar now has dipped. Money also needs to be stable to act as a store of value that can be stored, saved, and retrieved at any time.

According to Forbes and Ames, when there is little confidence in a currency, they develop innovative ways that will give them more freedom with very little government intervention (2014). With that in mind, bitcoin, a digital currency, was considered a breath of fresh air, especially for conducting business online. Forbes, however, does not consider bitcoin to be a real currency because of its constant fluctuations making it a poor measure of value. Forbes also argues that bitcoin cannot stand todays currency markets instability because it is not pegged to any currency and can therefore be hoarded or dumped when it is overvalued or undervalued, respectively.

The statement means that money can be used to measure wealth but cannot be used to create it. According to Forbes and Ames, money is just a tool used to measure value and can be used to trade (2014). Forbes also posits that printing more money will not create more wealth but will just facilitate wealth accumulation.

Section 3: Chapter 3: Money and Trade

Nixon had decided to withdraw the U.S. dollar from the gold standard in a bid to try and stop inflation from increasing and instead reduce the trade imbalances and expand the countrys economy. According to Forbes and Ames, for the trade imbalances to the corrected, the dollar needed to be devalued, and this could only be done by getting rid of the Gold Standard (2014). However, the success of the move did not last long.

Forbes’ view of the trade deficit shows that trade deficit isn’t really bad because there is a balance of trade. A trade deficit is not bad as long as it does not rise because it might cause unemployment. According to Forbes and Ames, economic growth in the United States occurred because of trade deficits. Trade deficits convinced investors of the United States purchasing power (2014).

A standout concept from this chapter is Forbes view that the only deficit that exists in trade is not enough trade. Forbes was a huge supporter of free trade. According to Forbes and Ames, trade deficits are neither good nor bad (2014). He, however, believed that trade deficits were an indication of consumer spending power that usually results from a buzzing economy. He deconstructed the idea that trade deficits result from financial losses when in the real sense, trade deficits represent trade transactions between countries. Forbes also proclaimed that deficits in trade increase the inflow of capital from foreign countries, and this helps to keep interest rates at a sustainable level hence creating jobs for the U.S. economy. In essence, Forbes was not a critic of trade deficits in the United States economy.

Section 4: Chapter 4: Money Versus Wealth; Chapter 5: Money and Morality

Increasing the money supply negatively affects the economy. Increased money supply creates hyperinflation that makes individuals lose trust in the countrys currency. According to Forbes and Ames, ‘monetary obesity,’ which was a term he used to describe oversupply of money, can undermine an economy’s health (2014). According to Forbes’ view, an increased money supply does not increase the wealth of an individual or nation but instead destroys wealth by reducing currency value. According to Forbes and Ames, wealth can only be created from innovation, and prosperity is not created from increasing the money supply (2014). Forbes and Ames also stated that the reckless supply of money obstructs the creation of capital, allocates resources poorly, and reduces the public trust in market prices (2014).

Forbes posits that communication between the Fed and the public is via the Feds monetary policies. The Fed comes in to prevent market forces from sending signals to potential investors and the public. For instance, if the fed wants to inform the public that it is lowering the monetary base, then the best way to do so is by increasing the rates of interest or by selling government securities.

Trust is important for the stability of the currency and the political environment. Currency creates an environment of trust and stability, especially if the citizenry is in agreement on its use. Trust in currency can enable strangers to transact easily because the value of the currency is universally agreed upon, and everyone believes the currency is a true reflection of value. According to Forbes and Ames, trust in society is dependent on the stability of currency (2014).

The concept that stood out is the effects of debasing the currency and the relationship between trust and currency. Forbes and Ames posit that once the public loses trust in a currency and the government, then no amount of monetary policy or financial control can revive the currency. Currency debasement also takes away moral behavior and would most times lead to immoral social behavior such as crime (Forbes & Ames, 2014).

Section 5: Chapter 6: The Gold Standard

The Gold Standard is a system that pegs currency to a certain measure or standard of gold. Gold Standard gave the citizenry some level of confidence because they knew the amount of gold that can be redeemed for a certain amount of currency. The citizenry, therefore, found it more convenient to carry the paper currency instead of carrying gold. Nixon took the U.S. dollar from the Gold Standard in a bid to devalue the U.S. dollar. This move created the fiat currency that was not pegged to any tangible asset but the Fed. The move was in a bid to help solve economic problems in the 70s. However, this move increased the levels of inflation and dollar debasement.

Forbes strongly advocated for the Gold Standard to be brought back since he believed that pegging the dollar against the Gold Standard would increase the dollars stability. Forbes posits that reintroducing the Gold Standard would; get rid of economic fluctuations that are connected with fiat money, stop the decrease of wealth that is caused by inflation, and allow prices to be dictated by market forces (Forbes & Ames, 2014). A return to the Gold Standard would also mean that more countries will have to peg their currencies against the dollar so as to achieve stability.

Forbes believes that fiat money is a dangerous tool that has caused the debasement of the U.S. dollar. Forbes believes that every other alternative has not worked and that gold is the only way to create stability in currency. Forbes also strongly advocates for money to have tangible worth and posits that the only way to achieve this is by pegging the dollar back to the Gold Standard.


Forbes ideas on money and how to create a stable currency are quite insightful. Forbes gives insights on why a stable and sound monetary system can create economic stability and public trust. Forbes also gives insights on how federal policies have an impact on the U.S. economy. Therefore it is important that a country has a sound monetary system with a stable currency for any economic growth to be experienced.




Forbes, S. (2014).Money: How the Destruction of the Dollar Threatens the Global Economy? and What We Can Do About It. McGraw-Hill Education.




Are you in need of assignment help?

Are you a high school, college, or university student pursuing a diploma, bachelors, master’s, or Ph.D. degree? Sometimes, assignments and life can overwhelm you.

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

That is where we step in. Whichever your reason may is, it is valid! With our student assignment help service, you can submit all your assignment on time and score superb grades. You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Our academic writers are graduates with bachelor’s, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an academic writer with our assignment help service is to have a college bachelors degree. When assigning your order, we match the paper subject with the writers area of specialization.

What subjects does your online assignment help service help with?

We offer student assignment help on various subjects. These include:

  • Nursing
  • Psychology
  • Sociology
  • Business
  • Statistics
  • Finance
  • Literature
  • Law
  • Finance
  • Computer science

Why should you use our assignment help service?

  • You get unique plagiarism-free papers
  • We ensure timely delivery of all assignments
  • Papers are of unmatchable quality
  • We can handle assignments of any deadline
  • We have a pool of skilled, experienced native English writers
  • The minimum requirement to be a writer with our company is to have a bachelors degree
  • Writers go through rigorous tests and mentorship
  • You get a subject-relevant academic writer
  • We ensure strict adherence to paper instructions
  • We can handle tackle bulk assignments
  • We charge fair and reasonable prices
  • We offer awesome discounts to our clients
  • Our customer support is available 24/7
  • You get superb grades consistently
  • We guarantee 100% privacy and confidentiality
  • We are 100% legit
  • Customer satisfaction is our core priority
  • You can communicate directly with the writer
  • Our quality assurance department ensures your papers quality is top-notch
  • We have secure payment methods

How does our student assignment help service work?

1. Place an order

You fill all the paper instructions in the order form. Make sure you include all helpful materials so that our academic writers can deliver a perfect paper. It will also help to avoid unnecessary revisions. At this point, you can attach files that are provided for the assignment. We usually insist a lot on the client uploading the grading rubric if it is available. The writers adhere to the highest level of the rubric to ensure that you get a perfect grade.

2. Pay for the order

Proceed to securely pay for the paper so that we can assign the paper to one of our expert academic writers. The paper subject is matched with the writers area of specialization.

3. Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer.

4. Download the paper

The paper is uploaded to your personal account and sent to your email. You also get a plagiarism report attached to your paper.

Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

Online Academic Help With Different Subjects


Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.


Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!


While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.


Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.


In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.


Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.


We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!


We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.


Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

order custom essay paper