Money from Nothing
Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wish list failed.
Follow podcast failed
Unfollow podcast failed
Buy Now for $23.31
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
-
Narrated by:
-
Tristan Morris
-
Written by:
-
Aaron James
-
Robert Hockett
About this listen
A major work of financial theory and practice with immediate relevance to the rebuilding of the economy and restoring the promise of equality.
When the government decides to spend money, it simply creates the necessary funds for itself - as if out of thin air. That's how we pay for interstate highways, post offices, wars, social services, and economic stimulus packages. If it's that easy to make money...can't we all get more of it? Absolutely. And we should.
So argue financial regulation expert Robert Hockett and best-selling philosopher Aaron James in this eye-opening, irreverent, and inspiring exploration of what the dollar really is. And 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.
©2020 Aaron James and Bob Hockett (P)2020 Random House Audio