ISBN: 9781330532003 - Real Money Versus Banks of Issue Promises to Pay (classic Reprint): The Most Important Factor in Civilization and Least Understood: The Most Important ... and Least Understood (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book argues that the current monetary system in the United States, particularly the reliance on banks and credit, is fundamentally flawed and has led to a system of debt and speculation that is harmful to the economy and society as a whole. The author traces the history of the monetary system in the United States, linking the creation of the national banking system after the Civil War to the present-day dominance of a few large banks over the money supply. The author contends that this system has resulted in a gross imbalance between real wealth and financial wealth, with the latter being inflated by excessive and irresponsible lending. The book presents a detailed analysis of the problems inherent in the current system and proposes a radical overhaul, including the creation of a new central bank and the issuance of a new currency not tied to the value of gold. The author argues that this would create a more stable monetary system that would promote economic growth, reduce inequality, and increase economic opportunities for all Americans. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…