In The Money Revolution: How to Finance the Next American Century, economist and bestselling author Richard Duncan lays out a farsighted strategy to maximize the United States' unmatched financial and technological potential. In compelling fashion, the author shows that the United States can and should invest in the industries and technologies of the future on an unprecedented scale in order to ignite a new technological revolution that would cement the country's geopolitical preeminence, greatly enhance human well-being, and create unimaginable wealth. In this book, you will find: an important new history of the Federal Reserve that details the transformation of the country's central bank from the passive lender of last resort created by its founders in 1913 into the world's most powerful economic institution today; a fascinating discussion of the evolution of money and monetary policy in the United States over the past century; an examination of the role that credit has played in generating economic growth; a detailed description of the country's capital structure and its dangerous deficiencies; and an urgent call-to-action for the United States to begin a multi-trillion-dollar investment program targeting industries of the future.
The Money Revolution is an engaging listen that is ideal for anyone interested in the future of the United States.
Chapter 1. The Power of the Fed
Chapter 2. 1914 to 1920: World War I
Chapter 3. 1920 to 1930: After the War
Chapter 4. 1930 to 1941: The Great Depression
Chapter 5. 1941 to 1945: World War II
Chapter 6. 1945 to 1971: The Bretton Woods Era
Chapter 7. 1971 to 2007: After Gold
Chapter 8. Credit Creation by the Banking System
Chapter 9. Credit Creation by the Financial Sector
Chapter 10. Credit Creation by ForeignCentral Banks
Chapter 12. 2007 to 2016: Crisis and Response
Chapter 13. Creditism Between the Crises
Chapter 16. America Must Invest
Chapter 17. Inadequate Investment
Chapter 18. R&D: The Future Depends on It
Chapter 19. America Can Afford to Invest
Chapter 21. An Investment Revolution