The Money Revolution- How To Finance The Next American Century

New released by Richard Duncan

This book explains how our economy works now and the opportunities it presents us.

The Money Revolution is divided into three Parts.?

Part One, Money, describes the evolution of Money and Monetary Policy in the United States from the establishment of the Federal Reserve System in 1913 to the eve of the Crisis of 2008. It also discusses the events that forced the US monetary system to evolve.?These seven chapters provide a history of the Federal Reserve System and explain everything necessary to understand how the Fed conducts Monetary Policy in the 21st Century.?They also demonstrate the colossal power the US central bank has at its disposal.?

Part Two, Credit, shows that as the nature of money changed, it brought about a transformation of the economic system, as well.?It describes the astonishing proliferation of credit in the United States during the five decades since Dollars ceased to be backed by gold.?It discusses the impact that very rapid credit growth has had on the US economy and shows that economic growth is now dependent on credit growth.?It also demonstrates that there are effectively no longer any limits as to how much money the United States government can borrow.?Moreover, it shows that if credit fails to expand, the economy will collapse into a depression.?It concludes by describing the Fed’s successful policy response to the Crisis Of 2008 and its current efforts to support the economy through the Covid-19 Pandemic.?

Part Three, The Future, draws on the lessons that can be derived from the history of the Money Revolution detailed in Parts One and Two; and calls for the United States to carry out a multi-trillion-dollar investment program over the next 10 years.?It begins by explaining why such a large-scale investment program is possible.?It then shows that it is also urgently required since the current level of investment in the United States is dangerously inadequate.?It then discusses how this investment program could be structured and the industries it should target.?Next, it explains how it could be financed at no cost whatsoever to US taxpayers.?Finally, it describes the extraordinary benefits that an investment program of this nature would be sure to deliver. ?

A Money Revolution has occurred and rewritten all the rules of finance and economics.?It presents the United State the opportunity to invest in new industries and technologies on a scale large enough to open up the possibility of curing all the diseases, radically expanding life expectancy, developing limitless clean energy, rehabilitating the environment and solving many of the other most intractable challenges confronting humanity – not generations from now, but in our own lifetime.?

The objective of The Money Revolution: How To Finance The Next American Century is to persuade the American public and US policymakers that the United States must seize this opportunity.?If we do, it is certain that the first American Century will not be the last.

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