Bibliograph

Money from nothing,, or, why we should learn to stop worrying about debt and love the Federal Reserve, Robert Hockett and Aaron James

Type

Label

Money from nothing,, or, why we should learn to stop worrying about debt and love the Federal Reserve, Robert Hockett and Aaron James

Language

eng

Bibliography note

Includes bibliographical references (pages 289-315)

Index

no index present

Literary Form

non fiction

Main title

Money from nothing,

Nature of contents

bibliography

Oclc number

1132237968

Responsibility statement

Robert Hockett and Aaron James

Sub title

or, why we should learn to stop worrying about debt and love the Federal Reserve

Summary

This groundbreaking work on public finance shows us how we can rebuild our economy and restore the American promise of prosperity for all... When the government decides to spend money, it simply creates the necessary funds--as if out of thin air. That's how we pay for interstate highways, post offices, wars, social services, and economic stimulus packages. So, if it's that easy to make money... can't we all get more of it? Absolutely. And we should. At least, so argue financial regulation expert Robert Hockett and bestselling philosopher Aaron James in this eye-opening, irreverent, and inspiring exploration of what the dollar really is. Better still, they show how we can build an economy that works for everybody without unwanted taxes and added regulations. In the process, we learn how disingenuous the political rhetoric surrounding inflation can be, how the demonized concept of the deficit is really just another way of tallying our collective national wealth, and how a strong central bank could free us from the abuses of private banking. With broad historical background and ambitious yet practical institutional proposals, Hockett and James offer a new vision of public finance--people's banking for a people's economy. Armed with this new outlook, we can even stop worrying debt and learn to love a strong, accountable, and transparent Federal Reserve as a cornerstone of our democracy

Table Of Contents

Introduction -- Part I: Modern money. What money is based on--viz., "nothing" ; Spending from nothing ; Promising from nothing ; Democracy's dollar -- Part II: The money contract. A very (very) brief history of finance--i.e., civilization ; Why money cannot be printed ; What we owe each other -- Part III: Banking from nothing. When promises go public ; What banks do for us ; How to cut out the middleman ; Keeping score in the digital age (and beyond) -- Part IV: A more trustworthy finance. Too many promises? ; Too much debt? ; Can promises be trusted again? Asshole-proof government -- Part V: A more promising economy. Four promises: income, work, wealth, and leisure ; From green money to a Green New Deal ; Epilogue: What Republicanism used to mean--and what is must mean again ; Appendix I: Making global finance safe for domestic autonomy ; Appendix II: The plague

Target audience

adult

resource.variantTitle

Why we should learn to stop worrying about debt and love the Federal Reserve

Classification