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The Money Revolution

How to Finance the Next American Century

Richard Duncan

$43.95

Hardback

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English
John Wiley & Sons Inc
03 February 2022
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.
By:  
Imprint:   John Wiley & Sons Inc
Country of Publication:   United States
Dimensions:   Height: 231mm,  Width: 160mm,  Spine: 38mm
Weight:   726g
ISBN:   9781119856269
ISBN 10:   1119856264
Pages:   512
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Hardback
Publisher's Status:   Active
Introduction 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

RICHARD DUNCAN has served as Global Head of Investment Strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington, D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok, Thailand. He is now the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the global economy in the 21st Century.

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