Endless Money: The Moral Hazards of Socialism

Endless Money: The Moral Hazards of Socialism

by William Baker
     
 

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A detailed look at how, and why, the American financial system has reached its current state

Today's economy and capital markets are faced with the long-term buildup of public and private credit. Furthermore, we face higher taxes, greater spending, and more debt. We are now at a critical crossroads and our leaders have few realistic solutions. Proposals calling

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Overview

A detailed look at how, and why, the American financial system has reached its current state

Today's economy and capital markets are faced with the long-term buildup of public and private credit. Furthermore, we face higher taxes, greater spending, and more debt. We are now at a critical crossroads and our leaders have few realistic solutions. Proposals calling for tax reforms or fewer regulations have fallen on deaf ears. In fact, U.S. democracy has become more socialist and reform is needed immediately. Endless Money is an examination of how the U.S. government and the country's financial systems have embraced socialism, and why cultural deterioration reinforces the trend and jeopardizes democracy. In it, author William Baker sees this socialism embodied in two things. The first is the socialization of income, the second is the socialization of credit.

  • Explores the present socialistic qualities of the American government and its financial system
  • Looks back at how today's conditions relate not just to the Great Depression, but ancient empires such as Rome
  • Calls for radical changes such as reduced regulatory power of the Federal Reserve, a considerable devaluation of the dollar in terms of gold, and repeal of income tax
  • Includes a Web site devoted to book, with recommendations, quotes from the financial community, and think tank contacts

Insightful and informative, Endless Money examines our current economic condition and describes what the United States can do to get back on the right economic track.

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Product Details

ISBN-13:
9780470476154
Publisher:
Wiley
Publication date:
11/02/2009
Pages:
417
Product dimensions:
6.30(w) x 9.10(h) x 1.70(d)

Meet the Author

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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