Endless Money : The Moral Hazards of Socialism.
Title:
Endless Money : The Moral Hazards of Socialism.
Author:
Baker, William.
ISBN:
9780470557945
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (444 pages)
Contents:
Endless Money: The Moral Hazards of Socialism -- Contents -- Foreword -- Introduction -- Part I: THE CALM BEFORE THE STORM -- Chapter 1: Unknown Unknowns -- The Signal-Man -- Unknown Unknowns -- Chapter 2: Wings of Wax -- Fake Alpha and Derivatives -- Operational Risk -- Evidence-Based Investing -- The Greatest Risk -- Part II: ENDLESS MONEY -- Chapter 3: The Rise and Fall of Hard Money -- The Gold Standard -- America's Beginning: Paper, Silver, and Gold -- Bank Money and Public Works: From Boom to Bust -- From Greenbacks to Gold -- When Banks were Strong -- The Triumph of Public Debt -- The Aftermath -- Chapter 4: Flat-Earth Economics -- Misunderstanding Inflation -- Weighing the Evidence -- A Short History of the Great Depression -- The Academic Orthodoxy -- Debt Among Nations -- Chapter 5: Spitting into the Wind -- Making Sure "It" Doesn't Happen Here -- A Penny In the Fuse Box -- Forced Lending: To Print or Not to Print? -- Bernanke: Going Down in History -- Chapter 6: Moral Hazard -- The Great Bank Robbery -- The Socialist Incentive -- Forced to Accept Risk -- Fiat Currency-Not Yet a Mainstream Conservative Issue -- Part III: FAUX CLASS WARFARE -- Chapter 7: The Rich are Different from You and Me -- Never Realize a Gain -- Income Tax: A Billionaire's Best Friend -- Ignoble Pyramids -- Charity or Syndicate? -- Invisible Money -- Chapter 8: Sharecroppers -- How (not) to Repay 1 Trillion -- Option 1: Wide Dispersion-Include the Top Four Brackets -- Option 2: Somewhat Wide Dispersion-Include the Top Three Brackets -- Option 3: Just Tax the Top Two Brackets -- Option 4: Just Tax the Top Bracket -- Option 5: Just Tax the Super Rich -- 1 Million Just Isn't What It Used to Be -- Part IV: ASSUMING POWER -- Chapter 9: The Heart of the Financial System -- A Canary in the Coal Mine -- Shooting the Messenger -- More is Always Better.
The New Rent Control -- Chapter 10: A Return to Malaise -- Going Deeper into Debt -- The E-Bomb: Entitlements -- Devil-May-Care Budgeting -- Redistribution or Bust! -- Malaise -- Chapter 11: Democracy: The Achilles' Heel of Capitalism? -- Shades of Juan Peron -- History Repeats Itself -- Part V: SOCIALISM-ROMAN STYLE! -- Chapter 12: From the Golden Era to Totalitarianism -- Building Wealth -- Credit with Wings of Silver -- Squandering Wealth -- Coping with Collectivism -- Chapter 13: Other Perspectives -- Slavery -- Decadence -- Fat, Happy, and Defeated! -- The Private Sector Did It! -- The Unessential Army -- Into the Furnace -- The Weight of Leveling -- Part VI: THE OBSOLESCENCE OF CHARACTER -- Chapter 14: Bending to the Modern World -- Secular Society -- Rational Man -- Occupying the High Ground -- Liberal Awakening -- Chilling of Inquiry -- The Moral Vacuum -- Chapter 15: Self-Indulgence -- The Inconvenience of Responsibility -- Personal Liberation and the Business of Marriage -- Hippies Aging (Not So) Gracefully -- Chapter 16: The New Commandments -- Compliance! -- The (Growth) Business of Regulation -- Part VII: THE FUTURE -- Chapter 17: Elephants in the Room -- Chapter 18: The Elephant Killer-Gold -- Keeping the Genie in the Bottle -- Flexible Gold -- If Gold Were Money Again -- Chapter 19: America Invicta -- The End of Moderation -- Barbarians at the Gate -- Epilogue -- Policy Solutions -- Notes -- About the Author -- Index.
Abstract:
A detailed look at how, and why, the American financial system has reached its current state Today's economy and capital markets are faced with the long-term buildup of public and private credit. Furthermore, we face higher taxes, greater spending, and more debt. We are now at a critical crossroads and our leaders have few realistic solutions. Proposals calling for tax reforms or fewer regulations have fallen on deaf ears. In fact, U.S. democracy has become more socialist and reform is needed immediately. Endless Money is an examination of how the U.S. government and the country's financial systems have embraced socialism, and why cultural deterioration reinforces the trend and jeopardizes democracy. In it, author William Baker sees this socialism embodied in two things. The first is the socialization of income, the second is the socialization of credit. Explores the present socialistic qualities of the American government and its financial system Looks back at how today's conditions relate not just to the Great Depression, but ancient empires such as Rome Calls for radical changes such as reduced regulatory power of the Federal Reserve, a considerable devaluation of the dollar in terms of gold, and repeal of income tax Includes a Web site devoted to book, with recommendations, quotes from the financial community, and think tank contacts Insightful and informative, Endless Money examines our current economic condition and describes what the United States can do to get back on the right economic track.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Added Author:
Electronic Access:
Click to View