1.

Record Nr.

UNINA9910778559303321

Autore

Baker William W., C.F.A.

Titolo

Endless money [[electronic resource] ] : the moral hazards of socialism / / William W. Baker

Pubbl/distr/stampa

Hoboken, NJ, : Wiley, 2010

ISBN

0-470-55800-8

1-282-30600-6

9786612306006

0-470-55794-X

Descrizione fisica

1 online resource (444 p.)

Disciplina

330.15

330.157

335.0973

Soggetti

Monetary policy

Banks and banking

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Unknown unknowns -- Wings of wax -- The rise and fall of hard money -- Flat-earth economics -- Spitting into the wind -- Moral hazard -- The rich are different from you and me -- Sharecroppers -- The heart of the financial system -- A return to malaise -- Democracy : the Achilles' heel of capitalism? -- From the golden era to totalitarianism -- Other perspectives -- Bending to the modern world -- Self-indulgence -- The new commandments -- Elephants in the room -- The elephant killer : gold -- America invicta.

Sommario/riassunto

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