The Money Revolution (eBook)
512 Seiten
John Wiley & Sons (Verlag)
978-1-119-85627-6 (ISBN)
In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States unmatched financial and technological potential.
In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country's geopolitical preeminence, greatly enhance human wellbeing, and create unimaginable wealth. In this book, you will find:
* An important new history of the Federal Reserve that details the transformation of the country's central bank from the passive lender of last resort created by its founders in 1913 into the world's most powerful economic institution today.
* A fascinating discussion of the evolution of money and monetary policy in the United States over the past century.
* An examination of the role that credit has played in generating economic growth, especially since Dollars ceased to be backed by Gold five decades ago.
* A detailed description of the country's capital structure and its dangerous deficiencies.
* An urgent call-to-action for the United States to begin a multi-trillion-dollar investment program targeting industries of the future.
The Money Revolution: How to Finance the Next American Century is a page-turning read ideal for anyone interested in the future of the United States. Its gripping thesis offers anyone with a personal or professional interest in America's economy, financial system, or geopolitical position in the world an engrossing intellectual journey.
RICHARD DUNCAN has served as Global Head of Investment Strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok, Thailand. He is now the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the global economy in the 21st Century.
Introduction 1
Part I: Money 5
Chapter 1 The Power of the Fed 7
Chapter 2 1914 to 1920: World War I 35
Chapter 3 1920 to 1930: After the War 47
Chapter 4 1930 to 1941: The Great Depression 57
Chapter 5 1941 to 1945: World War II 77
Chapter 6 1945 to 1971: The Bretton Woods Era 97
Chapter 7 1971 to 2007: After Gold 113
Part II: Credit 125
Chapter 8 Credit Creation by the Banking System 129
Chapter 9 Credit Creation by the Financial Sector 161
Chapter 10 Credit Creation by Foreign Central Banks 187
Chapter 11 Creditism 213
Chapter 12 2007 to 2016: Crisis and Response 239
Chapter 13 Creditism Between the Crises 277
Chapter 14 Pandemic 297
Chapter 15 Inflation 319
Part III: The Future 357
Chapter 16 America Must Invest 359
Chapter 17 Inadequate Investment 367
Chapter 18 R&D: The Future Depends on It 389
Chapter 19 America Can Afford to Invest 415
Chapter 20 Monetize the Debt 437
Chapter 21 An Investment Revolution 467
Conclusion 483
About the Author 485
Bibliography 487
Index 493
| Erscheint lt. Verlag | 12.1.2022 |
|---|---|
| Sprache | englisch |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie |
| Schlagworte | Economics • Financial Economics • Finanzökonomie • International Economics & Trade • Internationale Ökonomie u. internationaler Handel • Macroeconomics • Makroökonomie • Volkswirtschaftslehre |
| ISBN-10 | 1-119-85627-2 / 1119856272 |
| ISBN-13 | 978-1-119-85627-6 / 9781119856276 |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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