Economics
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The Power of Money: How Governments and Banks Create Money and Help Us All Prosper
Money permeates our everyday lives-it literally makes the economic world go round-and yet confusion and controversy about money abound.
In The Power of Money, economist Paul Sheard distills what money is, how it comes into existence, and how it interacts with the real economy.
Money issues dominate the news, but economic jargon and the complexity of it all can be bamboozling. Leading economist Paul Sheard is known for his ability to see the forest and the trees and demystify complex economic phenomena.
With The Power of Money, Sheard empowers readers to become better-informed economic citizens by providing context for some of the biggest questions surrounding money, such as:
How does money come into existence?How is the process of money printing governed?Does government debt ever have to be repaid?Are financial crises bound to happen sometimes?Can the euro, a currency without a government, survive in its current form?Are proposed cures for economic inequality worse than the disease?What is the future of money-are cryptocurrencies going to change everything?
Financial enthusiasts and non-specialists alike will be surprised by the answers to these questions. The Power of Money provides a comprehensive foundation of knowledge to help you feel better informed and more confident as you follow and engage in economic and financial affairs and policy debates.
In The Power of Money, economist Paul Sheard distills what money is, how it comes into existence, and how it interacts with the real economy.
Money issues dominate the news, but economic jargon and the complexity of it all can be bamboozling. Leading economist Paul Sheard is known for his ability to see the forest and the trees and demystify complex economic phenomena.
With The Power of Money, Sheard empowers readers to become better-informed economic citizens by providing context for some of the biggest questions surrounding money, such as:
How does money come into existence?How is the process of money printing governed?Does government debt ever have to be repaid?Are financial crises bound to happen sometimes?Can the euro, a currency without a government, survive in its current form?Are proposed cures for economic inequality worse than the disease?What is the future of money-are cryptocurrencies going to change everything?
Financial enthusiasts and non-specialists alike will be surprised by the answers to these questions. The Power of Money provides a comprehensive foundation of knowledge to help you feel better informed and more confident as you follow and engage in economic and financial affairs and policy debates.
Editorial Reviews
"In The Power of Money, economist and long-time World Economic Forum contributor Paul Sheard masterfully unpacks one of the most foundational yet confounding aspects of the modern economy . . . Policymakers, business people, members of civil society, and anyone looking to better understand complex and often vexing policy issues should read this book."
-Klaus Schwab, Founder and Executive Chairman of the World Economic Forum
"The consequences of monetary and fiscal policy are now felt more directly than at any time in decades . . . Paul Sheard cuts through the confusion and jargon that too often surrounds the topic and explains the real power of money in the world today."
-The Honorable Dr. Kevin Rudd, 26th Prime Minister of Australia and Global President of the Asia Society
"In many ways, money makes the world go round, never more than now. Paul Sheard's The Power of Money provides provocative and interesting perspectives for anyone concerned with our monetary future."
-Lawrence H. Summers, Charles W. Eliot University Professor at Harvard University and 71st Secretary of the United States Treasury
"Paul Sheard has done a brilliant job explaining money . . .Whether you're an economist or someone who simply is interested in financial and economic affairs, this book is for you."
-Douglas L. Peterson, President and CEO of S&P Global
"This is highly useful reading at a time when innovations such as bitcoin and policy experiments like quantitative easing have made it more important than ever to understand how money does-and does not-really work."
-Gillian Tett, Chair of the US Editorial Board and Editor-at-large of The Financial T
"Paul Sheard treats critical topics that no one else touches. If you care about the economy and the future and your portfolio you must read this book."
-Robert L. Dilenschneider, Founder and CEO of the Dilenschneider Group
"In this must-read book, Paul Sheard pulls back the veil, showing how governments, commercial banks, central banks, and financial markets all play a part in the creation of money. His book sheds light on such topics as inequality, financial crises, the future of the euro, and cryptocurrencies."
-Stephanie Kelton, Profess...
-Klaus Schwab, Founder and Executive Chairman of the World Economic Forum
"The consequences of monetary and fiscal policy are now felt more directly than at any time in decades . . . Paul Sheard cuts through the confusion and jargon that too often surrounds the topic and explains the real power of money in the world today."
-The Honorable Dr. Kevin Rudd, 26th Prime Minister of Australia and Global President of the Asia Society
"In many ways, money makes the world go round, never more than now. Paul Sheard's The Power of Money provides provocative and interesting perspectives for anyone concerned with our monetary future."
-Lawrence H. Summers, Charles W. Eliot University Professor at Harvard University and 71st Secretary of the United States Treasury
"Paul Sheard has done a brilliant job explaining money . . .Whether you're an economist or someone who simply is interested in financial and economic affairs, this book is for you."
-Douglas L. Peterson, President and CEO of S&P Global
"This is highly useful reading at a time when innovations such as bitcoin and policy experiments like quantitative easing have made it more important than ever to understand how money does-and does not-really work."
-Gillian Tett, Chair of the US Editorial Board and Editor-at-large of The Financial T
"Paul Sheard treats critical topics that no one else touches. If you care about the economy and the future and your portfolio you must read this book."
-Robert L. Dilenschneider, Founder and CEO of the Dilenschneider Group
"In this must-read book, Paul Sheard pulls back the veil, showing how governments, commercial banks, central banks, and financial markets all play a part in the creation of money. His book sheds light on such topics as inequality, financial crises, the future of the euro, and cryptocurrencies."
-Stephanie Kelton, Profess...
