Money from Nothing

Aaron James, Robert Hockett

"This groundbreaking work on public finance shows us how we can rebuild our economy and restore the American promise of prosperity for all... When the government decides to spend money, it simply creates the necessary funds--as if out of thin air. That's how we pay for interstate highways, post offices, wars, social services, and economic stimulus packages. So, if it's that easy to make money... can't we all get more of it? Absolutely. And we should. At least, so argue financial regulation expert Robert Hockett and bestselling philosopher Aaron James in this eye-opening, irreverent, and inspiring exploration of what the dollar really is. Better still, they show how we can build an economy that works for everybody without unwanted taxes and added regulations. In the process, we learn how disingenuous the political rhetoric surrounding inflation can be, how the demonized concept of...