Jimmy Stewart Is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking

( 3 )

Overview

Discover how the global financial plague is poised to return, and what can be done to stop it

This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead. And so is his small-town bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever larger craps with our economy and our tax dollars.

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Overview

Discover how the global financial plague is poised to return, and what can be done to stop it

This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead. And so is his small-town bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever larger craps with our economy and our tax dollars.

This book, written by one of the world's most respected economist, describes in lively, humorous, simple, but also deadly serious terms the big con underlying the big game-the web of interconnected financial, political, and regulatory malfeasance that culminated in financial meltdown and brought us to our economic knees. But is also proposes a solution-Limited Purpose Banking, a straightforward and easily implemented plan to make Wall Street safe for Main Street.

  • Outlines the first and only proposal to fundamentally fix our financial disaster for good
  • Written by a leading economist whose insights on this topic are unparalleled
  • Explains the tenets of the plan, such as the regained government control of the money supply and the new role of insurance companies

Jimmy Stewart Is Dead will fundamentally change the way you think about the economy, financial markets, and the government-sand even if you don't agree with Kotlikoff's conclusion, you'll find his analysis of the crisis and his simple solution a true economic eye-opener.

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Product Details

  • ISBN-13: 9781118011331
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 4/5/2011
  • Edition number: 1
  • Pages: 241
  • Sales rank: 1,446,584
  • Product dimensions: 5.50 (w) x 8.70 (h) x 0.80 (d)

Meet the Author

LAURENCE J. KOTLIKOFF is a William Fairfield Warren Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Research Associate of the National Bureau of Economic Research, Fellow of the Econometric Society, and former Senior Economist, President's Council of Economic Advisers. Coauthor of The Coming Generational Storm and Spend 'Til the End and author of The Healthcare Fix, and Bloomberg columnist, Kotlikoff publishes extensively in the nation's leading newspapers, magazines, and financial websites on financial reform, taxes, saving, growth, deficits, Social Security, healthcare, pensions, and personal finance.

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Table of Contents

Foreword by Jeffrey Sachs.

Preface.

Acknowledgments.

Chapter 1. It’s a Horrible Mess.

Chapter 2. The Big Con: Financial Malfeasance, American Style.

Chapter 3. Uncle Sam’s Dangerous Medicine.

Chapter 4. “This Sucker Could Go Down”.

Chapter 5. Limited Purpose Banking.

Chapter 6. Getting from Here to There.

Chapter 7. What About?

Chapter 8. Conclusion.

Afterword. Fixing the Rest of Our Economic Mess.

Notes.

About the Author.

Index.

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Customer Reviews

Average Rating 4.5
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Sort by: Showing all of 3 Customer Reviews
  • Posted March 23, 2011

    more from this reviewer

    Irreverent but cogent argument for limited purpose banking

    There's no use pining for the good old days - "It's a Wonderful Life" was just a Hollywood movie, the town of Bedford Falls doesn't really exist and Jimmy Stewart is long gone. But earth-shattering economic tumult has a way of evoking nostalgia for the return of (what you think were) simpler, more honest fiscal times. Economist Laurence J. Kotlikoff delivers a salty, sometimes irreverent, but ultimately convincing remedy to cure you of the erroneous belief that banking should return to the past to make up for the sins of the present. He competently lays out his concept of how "limited purpose banking" would work while hoisting on their own petard the crafty bankers, sinister lenders and obfuscating bureaucrats who nearly crashed the economy. getAbstract recommends Kotlikoff's original interpretation of events resulting from the 2008 crisis and his exposition of the far-reaching solution he offers, but quibbles over just one point: George Bailey ran the Bailey Building and Loan, not the Bailey Savings and Loan.

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    Posted September 19, 2012

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    Posted January 8, 2012

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