Endless Money: The Moral Hazards of Socialism

Description

A detailed look at how, and why, the American financial systemhas reached its current state Today's economy and capital markets are faced with the long-termbuildup of public and private credit. Furthermore, we face highertaxes, greater spending, and more debt. We are now at a criticalcrossroads and our leaders have few realistic solutions. Proposalscalling for tax reforms or fewer regulations have fallen on deafears. In fact, U.S. democracy has become more socialist and reformis needed immediately. Endless Money is an examination ofhow the U.S. government and the country's financial systems haveembraced socialism, and why cultural deterioration reinforces thetrend and jeopardizes democracy. In it, author William Baker seesthis socialism embodied in two things. The first is thesocialization of income, the second is the socialization ofcredit. Explores the present socialistic qualities of the Americangovernment and its financial system Looks back at how today's conditions relate not just to theGreat Depression, but ancient empires such as Rome Calls for radical changes such as reduced regulatory power ofthe Federal Reserve, a considerable devaluation of the dollar interms of gold, and repeal of income tax Includes a Web site devoted to book, with recommendations,quotes from the financial community, and think tank contacts Insightful and informative, Endless Money examines ourcurrent economic condition and describes what the United States cando to get back on the right economic track.

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