Dror Goldberg - Easy Money

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 20 June 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Author Dror Goldberg joins Cole and Bill to discuss his book, Easy Money: American Puritans and the Invention of Modern Currency. Dror’s book explores the history of modern money and its origins in colonial America. The conversation includes the idea of “siege money”, the role Massachusetts played in creating modern currency, and why the dollar system is so powerful.

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.0	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:19.6	Welcome to a book with legs podcast. I'm Cole Smead. I'm the CEO and a portfolio manager here
0:24.7	at Smead Capital Management. At our firm, we are readers and book junkies. It can be said that leaders are
0:29.8	readers and will believe books provide us a great source of information for filtering what is and
0:34.8	isn't important for us as investors. Investing is the last great liberal art and the best way to spend a lifetime of learning.
0:40.9	This podcast is for readers, thinkers, business-minded people and investors
0:45.2	who want to grow their knowledge from great authors and their writing.
0:48.7	Charlie Munger often talks about using multiple mental models and analysis.
0:52.5	Our aim for this podcast is to help listeners,
0:54.7	test mongers theory in business, markets, and people. Hosting this episode, along with me,
0:59.8	is our chairman and chief VEvesant Officer, my dad, Bill Smead. Thanks for joining me.
1:04.5	Thanks for having me. So we're going to have some fun today. This is a piece of history that I
1:10.8	had never had unwrapped and told. And so I
1:14.7	really appreciate. We're going to discuss some of the modern history also of the dollar versus
1:18.8	coins and the quantity theory of money through the lens of 17th century America. Dr. Goldberg is
1:24.5	joining us to talk about his book, Easy Money, American Puritans and the invention
1:28.9	of modern currency. A little background on drawer. He's joining us today from his home in Tel Aviv.
1:35.7	Dr. Goldberg is a senior faculty member in the Department of Management and Economics at the Open
1:39.9	University of Israel. He is the co-founder and secretary of the Economic History Association of Israel.
1:45.9	He has been published in the Journal of Money, Credit and Banking, the Journal of Monetary Economics,
	...

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