Money From Nothing: Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve

A major work of financial theory and practice with immediate relevance to the rebuilding of the economy, and restoring the promise of equality

When the government decides to spend money, it simply creates the necessary funds for itself—as if out of thin air. That's how we pay for interstate highways, post offices, wars, social services, and economic stimulus packages. If it's that easy to make money . . . can't we all get more of it? Absolutely. And we should.

So argue financial regulation e...