Money Revolution: How to Finance the Next American Century

"Over the last century, wars, depressions, political ambition, regulatory mistakes, greed and geopolitical competition have entirely transformed the Monetary System of the United States -- they have transformed the very nature of Money itself. The Money Revolution highlights that the new economic environment we find ourselves in today presents us with previously unimaginable opportunities to grow and prosper, and persuades the American public and US policymakers that the United States can and must investin the industries and technologies of the future on an unprecedented scale in order to ignite a technological revolution that would turbocharge economic growth, consolidate the country's geopolitical preeminence and vastly enhance human wellbeing, not only in the US, but all around the world. It explains why such a large-scale investment program is possible, how it could be structured and which industries should be targeted; demonstrates that this investment could be made at no cost to US taxpayers; and describes the extraordinary benefits that an investment program of this nature would be sure to deliver. The book is divided into three parts: Part 1, Money, describes the evolution of Money and Monetary Policy in the United States from the establishment of the Federal Reserve System in 1913 to the present. It also discusses the events that forced the US monetary system to evolve. These chapters provide a history of the Federal Reserve System and explain everything necessary to understand how the Fed conducts Monetary Policy in the 21st Century. They also demonstrate the colossal power the US central bank has at its disposal. Part 2, Credit, shows that as the nature of money changed, it brought about a transformation of the economic system, as well. It describes the astonishing proliferation of credit in the United States during the five decades since Dollars ceased to be backed by gold. It discusses the impact that very rapid credit growth has had on the US economy and shows that economic growth is now dependent on credit growth. It also demonstrates that there are effectively no longer any limits as to how much money the United States government can borrow. It concludes by showing that if credit fails to expand, the economy will collapse into a depression. Part 3, The Future, calls for the United States to carry out a multi-trillion-dollar investment program targeting the industries of the future over the next 10 years. It begins by showing that the current level of investment in the United States is dangerously inadequate. It then discusses how this investment program could be structured and the industries it should target. Next, it explains that an investment program of this size could be carried out at no cost to US taxpayers and details how that could be done"--
Learn how the United States can stop and reverse its relative economic decline in this fascinating analysis of American Money, Credit and Capital In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States unmatched financial and technological potential. In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country’s geopolitical preeminence, greatly enhance human wellbeing, and create unimaginable wealth. In this book, you will find: An important new history of the Federal Reserve that details the transformation of the country’s central bank from the passive lender of last resort created by its founders in 1913 into the world’s most powerful economic institution today. A fascinating discussion of the evolution of money and monetary policy in the United States over the past century. An examination of the role that credit has played in generating economic growth, especially since Dollars ceased to be backed by Gold five decades ago. A detailed description of the country’s capital structure and its dangerous deficiencies. An urgent call-to-action for the United States to begin a multi-trillion-dollar investment program targeting industries of the future. The Money Revolution: How to Finance the Next American Century is a page-turning read ideal for anyone interested in the future of the United States. Its gripping thesis offers anyone with a personal or professional interest in America’s economy, financial system, or geopolitical position in the world an engrossing intellectual journey.