Money From Nothing, Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve

A major work of financial theory and practice with immediate relevance to the rebuilding of the economy, and restoring the promise of equalityWhen the government decides to spend money, it simply creates the necessary funds for itselfas 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 bestselling 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...