Jimmy Stewart is dead : ending the world's ongoing financial plague with limited purpose banking /
Kotlikoff, Laurence J.
Sachs, Jeffrey.
Hoboken, N.J. : Wiley,
c2010.
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 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, it explains the tenets of the plan, such as the regained government control of the money supply and the new role of insurance companies.
Includes bibliographical references (p. 207-226) and index.
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 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, it explains the tenets of the plan, such as the regained government control of the money supply and the new role of insurance companies.
Fiscal policy
Financial crises