Description
Book SynopsisTable of ContentsIntroduction 1
Part I: Money 5
Chapter 1 The Power of the Fed 7
Chapter 2 1914 to 1920: World War I 35
Chapter 3 1920 to 1930: After the War 47
Chapter 4 1930 to 1941: The Great Depression 57
Chapter 5 1941 to 1945: World War II 77
Chapter 6 1945 to 1971: The Bretton Woods Era 97
Chapter 7 1971 to 2007: After Gold 113
Part II: Credit 125
Chapter 8 Credit Creation by the Banking System 129
Chapter 9 Credit Creation by the Financial Sector 161
Chapter 10 Credit Creation by Foreign Central Banks 187
Chapter 11 Creditism 213
Chapter 12 2007 to 2016: Crisis and Response 239
Chapter 13 Creditism Between the Crises 277
Chapter 14 Pandemic 297
Chapter 15 Inflation 319
Part III: The Future 357
Chapter 16 America Must Invest 359
Chapter 17 Inadequate Investment 367
Chapter 18 R&D: The Future Depends on It 389
Chapter 19 America Can Afford to Invest 415
Chapter 20 Monetize the Debt 437
Chapter 21 An Investment Revolution 467
Conclusion 483
About the Author 485
Bibliography 487
Index 493
