People's Money - by Adrian Kuzminski (Hardcover)
About this item
Highlights
- The People's Money shows how sovereign money creation through public banking, as pioneered by nineteenth century American populists, can reduce inequalities of wealth and power and help restore prosperity and democracy in America.
- About the Author: Adrian Kuzminski writes on political and philosophical issues.
- 158 Pages
- Business + Money Management, Economics
Description
About the Book
The People's Money shows how sovereign money creation through public banking, as pioneered by nineteenth century American populists, can reduce inequalities of wealth and power and help restore prosperity and democracy in America.Book Synopsis
The People's Money shows how sovereign money creation through public banking, as pioneered by nineteenth century American populists, can reduce inequalities of wealth and power and help restore prosperity and democracy in America.
Review Quotes
"The People's Money: The Case for Public Banking in the United States is a vital read at a critical moment for 21st century democrats, republicans and independents alike - Kuzminski fuses prescient perspectives on populism with a call to re-imagine money as a public good to broadly benefit US, instead of a private monopoly that bankrupts the many while enriching the few. A must read' for reclaiming our currency, our sovereignty, and our power."
The People's Money examines the roots and connection between Populism and the current financial system. Kuzminski goes back to the historical roots of Populism and demonstrates how the original Populists, led by James B. Weaver, were very suspicious of the American financial system because of the money shortage dating back to the Panic of 1873. This event led to the rise of the Populists as a party. Kuzminski very carefully and effectively shows how the financial elements of the period led the Populists to distrust the American monetary system as it existed. The ultimate thesis of the work is that the Populists' cynical distrust gave way to their idea of creating a public banking system, which would function by using sovereign money that people could obtain at local public banks. Kuzminski does a commendable job outlining how such a system would work and function. It is a valuable contribution to the field and provides an interesting and viable alternative to today's unreliable central banking system. Recommended. Advanced undergraduates.
About the Author
Adrian Kuzminski writes on political and philosophical issues. His works include Fixing the System: A History of Populism, Ancient & Modern (2008), The Ecology of Money: Debt, Growth, and Sustainability (2013), Pyrrhonism: How the Ancient Greeks Reinvented Buddhism (2008), and Pyrrhoniam Buddhism (2021).