Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking - Hardcover

Kotlikoff, Laurence J.

Hardcover

ISBN 10: 0470581557 ISBN 13: 9780470581551

Publisher: John Wiley & Sons, 2010

Synopsis

Discover how the global financial plague is poised to return, and what can be done to stop it This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead. And so is his small-town bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever larger craps with our economy and our tax dollars. This book, written by one of the world's most respected economist, describes in lively, humorous, simple, but also deadly serious terms the big con underlying the big game the web of interconnected financial, political, and regulatory malfeasance that culminated in financial meltdown and brought us to our economic knees. But it also proposes an amazingly simply solution Limited Purpose Banking to make Wall Street safe for Main Street. This book, as well as the financial fix described within it, have received rave reviews from a veritable who's who of policymakers and economics, plus five economics Nobel Laureates Written by a leading economist whose insights on this topic are unparalleled Outlines the first and only proposal to fundamentally fix our financial disaster for good Jimmy Stewart Is Dead will fundamentally change the way you think about the economy, financial markets, and the government.

About this title

Review:

"Kotlikoff has presented a thought-provoking proposal that meritsattention in the debate over financial regulation."
--Kenneth Silber, FrumForum.com, March 2010

"Jimmy Stewart Is Dead makes for provocativereading. We certainly have squandered much of America's businessand economic strength in the pursuit of personal gain and huge ifnot obscene bonuses. ... It might just be easier to findanother Jimmy Stewart. I'd call him Mr. Smith. And I'd ask him togo to Washington."
--Philip Moeller, U.S. News & World Report

"Kotlikoff grabs us by the collar, brilliantly unveiling thetruth about our financial system. With scintillating arguments, vivid examples, and terrific wit, he offers a powerful reform thatstops banks from gambling and restricts them to their legitimatepurpose, 'connecting borrowers to lenders and savers to investors.'This is economics at its very best: deeply insightful andpowerfully useful. It will change the global debate."
--JEFFREY SACHS, Director of The Earth Institute, QueteletProfessor of Development and Health Policy, Columbia University

"Financial reform needs something simple, clear, and, most ofall, effective. Read this book to get and understand theanswer."
--GEORGE SHULTZ, Distinguished Fellow, the Hoover Institution, former U.S. Secretary of the Treasury, and former U.S. Secretary ofState

"At last! A real financial page-turner. Kotlikoff calls out thebad actors behind the financial crisis and nails them cold. But healso tells us how to prevent it from happening again. It's calledLimited Purpose Banking. Anyone can read this book--andeveryone should."
--SCOTT BURNS, Financial Columnist, Universal PressSyndicate

"Jimmy Stewart Is Dead is a page-turner, as fast-paced as TheSimpsons, with new insights on every page. As fun as it is, JimmyStewart is also deadly serious. It describes our deep financialproblems and offers an amazingly simple financial fix to prevent aneven worse crash. Everyone should read this book."
--GEORGE AKERLOF, Koshland Professor of Economics, Universityof California at Berkeley, Nobel laureate in Economics

"Kotlikoff's book makes an impassioned, coherent, and convincingcase for Limited Purpose Banking."
--ROBERT E. LUCAS, Jr., John Dewey Distinguished Professor ofEconomics, University of Chicago, Nobel laureate in Economics

"This book is 'must' reading for everyone who cares about thefuture of the American economy."?
--ROBERT W. FOGEL, Walgreen Distinguished Service Professor, University of Chicago, Nobel laureate in Economics

"Kotlikoff is right. Unless we institute fundamental reforms, there will be an even greater crisis. This well-written book is amust-read for those concerned with reforming the financialsystem."
--EDWARD C. PRESCOTT, W. P. Carey Chair in Economics, ArizonaState University, Nobel laureate in Economics

"Certainly we need to abandon today's hazardous financialsystem. Kotlikoff's Limited Purpose Banking plan is one of the bestvisions to surface so far."
--EDMUND PHELPS, McVickar Professor of Political Economy, Columbia University, Nobel laureate in Economics

From the Back Cover:

Praise for Jimmy Stewart Is Dead

"Kotlikoff grabs us by the collar, brilliantly unveiling thetruth about our financial system. With scintillating arguments, vivid examples, and terrific wit, he offers a powerful reform thatstops banks from gambling and restricts them to their legitimatepurpose, 'connecting borrowers to lenders and savers to investors.'This is economics at its very best: deeply insightful andpowerfully useful. It will change the global debate."
--JEFFREY SACHS, Director of The Earth Institute, QueteletProfessor of Development and Health Policy, ColumbiaUniversity

"Financial reform needs something simple, clear, and, most ofall, effective. Read this book to get and understand theanswer."
--GEORGE SHULTZ, Distinguished Fellow, the HooverInstitution, former U.S. Secretary of the Treasury, and former U.S.Secretary of State

"At last! A real financial page-turner. Kotlikoff calls out thebad actors behind the financial crisis and nails them cold. But healso tells us how to prevent it from happening again. It's calledLimited Purpose Banking. Anyone can read this book--andeveryone should."
--SCOTT BURNS, Financial Columnist, Universal PressSyndicate

"Jimmy Stewart Is Dead is a page-turner, as fast-paced asThe Simpsons, with new insights on every page. As fun as itis, Jimmy Stewart is also deadly serious. It describes our deepfinancial problems and offers an amazingly simple financial fix toprevent an even worse crash. Everyone should read this book."
--GEORGE AKERLOF, Koshland Professor of Economics, University of California at Berkeley, Nobel laureate inEconomics

"Kotlikoff's book makes an impassioned, coherent, and convincingcase for Limited Purpose Banking."
--ROBERT E. LUCAS, Jr., John Dewey Distinguished Professorof Economics, University of Chicago, Nobel laureate inEconomics

"This book is 'must' reading for everyone who cares about thefuture of the American economy."
--ROBERT W. FOGEL, Walgreen Distinguished ServiceProfessor, University of Chicago, Nobel laureate inEconomics

"Kotlikoff is right. Unless we institute fundamental reforms, there will be an even greater crisis. This well-written book is amust-read for those concerned with reforming the financialsystem."
--EDWARD C. PRESCOTT, W. P. Carey Chair in Economics, Arizona State University, Nobel laureate in Economics

"Certainly we need to abandon today's hazardous financialsystem. Kotlikoff's Limited Purpose Banking plan is one of the bestvisions to surface so far."
--EDMUND PHELPS, McVickar Professor of Political Economy, Columbia University, Nobel laureate in Economics

SEE INSIDE ENDORSEMENTS BY Jagdish Bhagwati, MichaelBoskin, Bill Bradley, Niall Ferguson, Kevin Hassett, Simon Johnson, William Niskanen, William Owens, Rudy Penner, Robert Reich, KennethRogoff, Paul Romer, Steve Ross, Eytan Sheshinski, MurrayWeidenbaum, Susan Woodward, and other prominent economists andpolicymakers.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2010
• ISBN 10: 0470581557
• ISBN 13: 9780470581551
• Binding: Hardcover
• Number of pages: 242