Money: A Mirror Image of the Economy

by J.W. Smith

Book Overview

The author argues that any economically viable region can create a currency viable only within its borders, use that created capital to build infrastructure and industry, and circulate that money to... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1933567120
• ISBN13: 9781933567129
• Release Date: January 2009
• Publisher: Institute for Economic Democracy
• Length: 202 Pages
• Weight: 0.61 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"

Customer Reviews

Economics: The real story

If like me you've always felt a little unsure what those self-proclaimed financial gurus on FNC thought they were talking about, read this book. Because for every neo liberal platitude the talking heads on the tube mouth these days, while the economy is obviously going down the tubes, this book offers a rational, common sense explanation that reveals the deeper economic current underneath. Current monetary policy is exposed as a monopoly. The real story on money creation, public debt, and how private property rights are monoplized, is explained without resorting to abstrations or overly obscure terminology. So do yourself a real favor - as opposed to going on another diet - and find out why you're becoming poorer while the elite become wealthier.

Home Run

JW Smith's books have been an essential tool in my continued study of "how the world works". This outline of money's true value exposes the hidden monopoly structures that disenfranchise the majority of common people through the exclusive entitlements of a hand-picked minority. As a friend of mine is fond of saying: "It might not be right, but it is legal". Alternately, Dr. Smith presents a progressive vision of how the world might work under more democratic "terms and conditions" that eliminate legalized theft, also known as "unearned income". Neither poverty or monopoly can possibly exist in a world where labor is fully paid for their work. JW Smith steps up to the plate, swings the bat, and drives home the far-reaching implications of this truth. It's about time somebody did. Thanks for your work, Dr. Smith!