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

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

by Laurence J. Kotlikoff

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Product Details

ISBN-13: 9781118011331
Publisher: Wiley
Publication date: 04/05/2011
Pages: 272
Sales rank: 722,306
Product dimensions: 5.50(w) x 8.70(h) x 0.80(d)

About 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.

Table of Contents

Foreword by Jeffrey Sachs.

Preface.

Acknowledgments.

Chapter 1. It’s a Horrible Mess.

Chapter 2. The Big Con: Financial Malfeasance, AmericanStyle.

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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Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking 4.3 out of 5 based on 0 ratings. 3 reviews.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
RolfDobelli More than 1 year ago
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.