Discover how the global financial plague is poised to return, and what can be done to stop it
This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead. And so is his small-town bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever larger craps with our economy and our tax dollars.
This book, written by one of the world's most respected economist, describes in lively, humorous, simple, but also deadly serious terms the big con underlying the big game-the web of interconnected financial, political, and regulatory malfeasance that culminated in financial meltdown and brought us to our economic knees. But is also proposes a solution-Limited Purpose Banking, a straightforward and easily implemented plan to make Wall Street safe for Main Street.
- Outlines the first and only proposal to fundamentally fix our financial disaster for good
- Written by a leading economist whose insights on this topic are unparalleled
- Explains the tenets of the plan, such as the regained government control of the money supply and the new role of insurance companies
Jimmy Stewart Is Dead will fundamentally change the way you think about the economy, financial markets, and the government-sand even if you don't agree with Kotlikoff's conclusion, you'll find his analysis of the crisis and his simple solution a true economic eye-opener.
Keywords: Kotlikoff, jimmy stewart is dead, limited purpose banking, no risk banking, banks as saving institutions, banks as mutual funds, tenets of limited purpose banking, limited purpose banking, no risk banking plan, limiting banks to borrowing, limiting banks to lending, narrow banking, financial intervention, limit banks to their legitimate purpose, changing our financial system, costless change to our financial system