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Money Facts: 169 Questions and Answers on Money--a Supplement to A Primer on Money, with Index by United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance Pdf
Wright Patman,Subcommittee on Domestic Finance of the House Banking and Currency Committee
Author : Wright Patman,Subcommittee on Domestic Finance of the House Banking and Currency Committee Publisher : Cosimo, Inc. Page : 68 pages File Size : 51,9 Mb Release : 2018-02-07 Category : Political Science ISBN : 9781945934377
Money Facts by Wright Patman,Subcommittee on Domestic Finance of the House Banking and Currency Committee Pdf
“Money is a terrible master but an excellent servant.” -P.T. Barnum “…Whoever controls the volume of money in any country is absolute master of all industry and commerce.” -President James Garfield “Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.” -Benjamin Franklin The above quotes about money are just a few examples of the many statements made by politicians, businessmen, philosophers, and ordinary people throughout the ages, showing that money has always attracted a lot of attention and controversy. The meaning of money, how it was created, and how it influenced everyday life for Americans inspired Wright Patman throughout his professional life as a Congressman from 1928 to 1975, as chairman of the powerful United States House Committee on Banking and Currency from 1963 to 1975 and a life-long populist in the good sense of the word. He defended the little guy, farmers, veterans and small businessmen against big business, big chain stores, big banks and especially the Federal Reserve system. Together with his Subcommittee on Domestic Finance, Patman released in 1964 A Primer on Money explaining how the US monetary system works and indicated where it needed reform. As a supplement to that report, he released Money Facts--169 Questions and Answers on Money, which is designed to highlight in question and answer form the basic points brought out in A Primer on Money. It answers, for example, what money is: “Money is anything that people will accept in exchange for goods or services, in the belief that they may, in turn, exchange it, now or later, for other goods or services,”, but it also raises many other questions such as: - Who issues currency? - What is a central bank? - What is active monetary policy? - What is the main problem of the Federal Reserve System? Although this publication is over fifty years old, and some changes have been made to the Federal Reserve System since then, this booklet is still relevant and important to understand more about the history and meaning of money and how the Federal Reserve System plays a crucial role in the US economy. This report is interesting reading for students of monetary policy, academics, policymakers, journalists, and anyone interested to learn about the basics of money and the monetary system.
The End of Money and the Future of Civilization by Thomas Greco Pdf
Like the proverbial fish who doesn’t know what water is, we swim in an economy built on money that few of us comprehend, and, most definitely, what we don’t know is hurting us. Very few people realize that the nature of money has changed profoundly over the past three centuries, or—as has been clear with the latest global financial crisis—the extent to which it has become a political instrument used to centralize power, concentrate wealth, and subvert popular government. On top of that, the economic growth imperative inherent in the present global monetary system is a main driver of global warming and other environmental crises. The End of Money and the Future of Civilization demystifies the subjects of money, banking, and finance by tracing historical landmarks and important evolutionary shifts that have changed the essential nature of money. Greco’s masterful work lays out the problems and then looks to the future for a next stage in money’s evolution that can liberate us as individuals and communities from the current grip of centralized and politicized money power. Greco provides specific design proposals and exchange-system architectures for local, regional, national, and global financial systems. He offers strategies for their implementation and outlines actions grassroots organizations, businesses, and governments will need to take to achieve success. Ultimately, The End of Money and the Future of Civilization provides the necessary understanding— for entrepreneurs, activists, and civic leaders—to implement approaches toward monetary liberation. These approaches would empower communities, preserve democratic institutions, and begin to build economies that are sustainable, democratic, and insulated from the financial crises that plague the dominant monetary system.
Author : John B. Leonard Publisher : Author House Page : 617 pages File Size : 40,9 Mb Release : 2011-03-23 Category : Political Science ISBN : 9781456741488
Have you ever thought about the meaning of the phrase in Pres. Abraham Lincolns Gettysburg Address, where he refers to a government of the people, by the people, and for the people? The author believes that our present system by allowing money to influence the process is not truly a government by the people; but is rather a government by the wealthy elite, operating primarily for their benefit. The book proposes that for a government to truly be by the people, all people should have equal power, and play an active role in determining government policy. It further suggests that this can only be achieved when people unify into a structure of power (which the book describes), and let their governmental bodies know what changes the people collectively desire. The major portion of this book is dedicated to addressing areas of social concern; considering present policies from the standpoint of the underlying principles involved, and suggesting possible remedies or changes. The subjects addressed include industry (disparity in wages), taxation (on money and investments rather than income and purchases), money creation and control (governments responsibility inappropriately delegated to a private banking trust), imperialism (problems from using force rather than diplomacy to obtain needs), education (addressing childrens need for security, acceptance, and hope), law (restrictions upon personal freedom), justice (rehabilitation rather than retribution), welfare, and land ownership. Together with these, the book proposes two protocols: one to remove the power of money and wealth from electoral processes and lobbying practices, and the other, an easy to implement procedure that will put all motivated individuals in control of decision-making processes within all governmental bodies (city, county, state, and federal). Herein is a viable way for all people to obtain governance that truly serves all. That way is through the power of cooperative unity.
