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Money From Nothing: Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve Audiobook
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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 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 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.
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About the Authors
Aaron James holds a PhD from Harvard and is associate professor of philosophy at the University of California, Irvine. He was awarded the Burkhardt Fellowship from the American Council of Learned Societies, spending the 2009–10 academic year at the Center for Advanced Study in the Behavioral Sciences at Stanford University.
About Tristan Morris
Tristan Morris is an Earphones Award–winning narrator. He received an MFA in acting from the New School for Drama in New York City after studying theater and philosophy at Pacific Lutheran University. His work as a voice actor began in 2011 after training with master teachers Scott Brick, Pat Fraley, and Nancy Wolfson. He works in New York City and Denver creating new theatrical works.