The Money Question

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About the author:
John F. Ince is a former Wall Street banker and reporter with Fortune Magazine. In 2004 John F. Ince produced the documentary Time Bomb: America's Debt Crises: Causes Consequences and Solutions. That film predicted our current financial crisis and has been aired on national television several times. He is the author of three books and his writings have been published in The New York Times, The Wall Street Journal and numerous other publications. He is an honors graduate of Harvard College and received his MBA from Harvard Business School in finance. Today he is an author, social entrepreneur, freelance journalist, blogger, podcaster, video producer and documentary filmmaker.

The Money Question
 

A Bold Vision for Systemic Change

Authored by John F. Ince

Our current answer to The Money Question takes the form of our money and banking system, but there is nothing but trust backing up the trillions of dollars that are the lifeblood of our economy. The system is unstable because it's dangerously concentrated. We're operating with a flawed answer to The Money Question and a reckoning is upon us. This system sacrifices the needs of Main Street to the greed of Wall Street. A better answer to The Money Question would democratize the power to create money. This would "awaken" the economy and inspire hope for millions of Americans who fear their economic future. With a parallel network of "social banks" empowered to create money, taxpayers wouldn't be on the hook for trillions of dollars in bailouts and guarantees. A new system would value what we need to create a sustainable, equitable and stable future without rewarding the speculation and creation of phantom wealth that has become the norm for the wizards of Wall Street.


Publication Date:
2009-10-20
ISBN/EAN13:
1448630657 / 9781448630653
Page Count:
224
Binding Type:
US Trade Paper
Trim Size:
6" x 9"
Language:
English
Color:
Black and White
Related Categories:
Business & Economics / General




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