William Baker
Endless Money
The Moral Hazards of Socialism
Ebook (PDF Format)
A detailed look at how, and why, the American financial systemhas reached its current stateToday's economy and capital markets are faced with the long-termbuildup of public and private credit. Furthermore, we face highertaxes, greater spending, and more debt. We are now at a criticalcrossroads and our leaders have few realistic solutions. Proposalscalling for tax reforms or fewer regulations have fallen on deafears. In fact, U.S. democracy has become more socialist and reformis needed immediately. Endless Money is an examination ofhow the U.S. government and the country's financial systems haveembraced socialism, and why cultural deterioratio…
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Beschreibung
A detailed look at how, and why, the American financial systemhas reached its current stateToday's economy and capital markets are faced with the long-termbuildup of public and private credit. Furthermore, we face highertaxes, greater spending, and more debt. We are now at a criticalcrossroads and our leaders have few realistic solutions. Proposalscalling for tax reforms or fewer regulations have fallen on deafears. In fact, U.S. democracy has become more socialist and reformis needed immediately. Endless Money is an examination ofhow the U.S. government and the country's financial systems haveembraced socialism, and why cultural deterioration reinforces thetrend and jeopardizes democracy. In it, author William Baker seesthis socialism embodied in two things. The first is thesocialization of income, the second is the socialization ofcredit.* Explores the present socialistic qualities of the Americangovernment and its financial system* Looks back at how today's conditions relate not just to theGreat Depression, but ancient empires such as Rome* Calls for radical changes such as reduced regulatory power ofthe Federal Reserve, a considerable devaluation of the dollar interms of gold, and repeal of income tax* Includes a Web site devoted to book, with recommendations,quotes from the financial community, and think tank contactsInsightful and informative, Endless Money examines ourcurrent economic condition and describes what the United States cando to get back on the right economic track.
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Produktdetails
- ISBN: 978-0-470-55794-5
- EAN: 9780470557945
- Produktnummer: 13928311
- Verlag: John Wiley & Sons
- Sprache: Englisch
- Erscheinungsjahr: 2009
- Seitenangabe: 384 S.
- Plattform: PDF
- Masse: 2'365 KB
- Auflage: 1. Auflage
Über den Autor
William Baker is the founder of Gaineswood Investment Management, Inc., where he has managed money since 1996. He has over 25 years of investment experience, including as a portfolio manager for Oppenheimer Funds. Baker received his master's in business administration from Dartmouth College and BA in economics from the University of Pennsylvania. Visit www.readendless.com
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