Flaptekst

Over the last century, wars, depressions, political ambition, regulatory mistakes, greed and geopolitical competition have entirely transformed the Monetary System of the United States. Indeed, they have transformed the very nature of Money itself; and, in the process, fundamentally altered the way the US economy functions. In The Money Revolution: How to Finance the Next American Century, distinguished economist and bestselling author Richard Duncan documents the profound evolution of Money and Capitalism from the establishment of the Federal Reserve System in 1913 up through mid-2021. Drawing on the lessons to be derived from that history, the author then forcefully makes the case that the United States can and should invest in the industries and technologies of the future on an enormous and unprecedented scale in order to ignite a technological revolution that would create vast new wealth, greatly enhance human wellbeing and ensure the country's continued geopolitical preeminence for generations to come. 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 107 years ago 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 the industries of the future. The Money Revolution: How to Finance the Next American Century is a must-read for anyone interested in money, economics, or the future of the United States.