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Money is mysterious. We love it, we hate it, but few people can tell you what the heck it really is. Wouldn't it be good to get out of the fog?
This book will help you understand both the way money works and how to leverage its power. The authors take you on an illuminating journey from your piggy bank to the Federal Reserve with no pesky jargon or complex math.
Once you see money clearly, life will never be the same. You'll know what really goes on in banks and what the cash in your wallet represents. You'll know how government really spends and why it can't run out of money.
You'll know what money can actually do -- and how we can make it work for us.
List of contents
Introduction
Chapter 1. Money: An Introduction
Chapter 2. Money: An Origins Story
Chapter 3. Money: The Story of Redemption
Chapter 4. Currency: The Government's Money
Chapter 5. Can Government Run Out of Currency?
Chapter 6. Anyone Can Create Money?
Chapter 7. Private Bank Money
Chapter 8. The Central Bank's Money: Lender of Last Resort
Chapter 9. Central Bank Money: Government Finance
Chapter 10. Government's Debt is Our Asset
Chapter 11. Money as Scorekeeping
Chapter 12. Rise of the Winners-Take-All Economy
Chapter 13. The Way Forward: We Take Care of our Own
About the author
L. Randall Wray is an expert on MMT, Professor of Economics at Bard College and Senior Scholar at the Levy Economics Institute. His book
Making Money Work for Us was also published by Polity in 2022.
Heske Van Doornen is an economist, writer, and artist.
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"BRILLIANT!! Tally-ho!"
James K. Galbraith, The University of Texas at Austin
"This short illustrated book contains more wisdom on money than all the textbooks in the world."
Steve Keen, author of The New Economics: A Manifesto
"Economics can be intimidating, but this book provides an excellent introduction for high school students."
Rose Rodriguez, retired teacher, Modesto School District
