The Scandal of Money: Why Wall Street Recovers but the Economy Never Does - Hardcover

Gilder, George

Hardcover

ISBN 10: 1621575756 ISBN 13: 9781621575757

Publisher: Regnery, 2016

Synopsis

"Why do we think governments know how to create money? They don't. George Gilder shows that money is time, and time is real. He is our best guide to our most fundamental economic problem."  --Peter Thiel, founder of PayPal and Palantir Technologies

"Thirty-five years ago, George Gilder wrote Wealth and Poverty, the bible of the Reagan Revolution. With The Scandal of Money he may have written the road map to the next big boom."  --Arthur B. Laffer, coauthor of the New York Times bestseller An Inquiry into the Nature and Causes of the Wealth of States

"Gilder pushes us to think about the government monopoly on money and makes a strong case against it. If you believe in economic freedom, you should read this book." --Senator Jim DeMint, president of The Heritage Foundation

As famed economist and New York Times bestselling author George Gilder points out, “despite multi-billion dollar stimulus packages and near-zero interest rates, Wall Street recovers but the economy never does.”

In his groundbreaking new book, The Scandal of Money, Gilder unveils a radical new explanation for our economic woes.  Gilder also exposes the corruption of the Federal Reserve, Washington power-brokers, and Wall Street’s “too-big-to-fail” megabanks, detailing how a small cabal of elites have manipulated currencies and crises to stifle economic growth and crush the middle class.

Gilder spares no one in his devastating attack on politicians’ economic policies.  He claims that the Democrats will steer us to ruin – but points out that Republicans are also woefully misguided on how to salvage our economic future.  With all major polls showing that voters rank the economy as one of the top three “most important problems” facing the nation, Gilder’s myth-busting, paradigm-shifting recipe for economic growth could not come at a more critical time.

In The Scandal of Money, the reader will learn:

 

• Who is to blame for the economic crippling of America
• How the new titans of Wall Street value volatility over profitability
• Why China is winning and we are losing
• Who the real 1% is and how they are crushing the middle class
• The hidden dangers of a cashless society
• What Republicans need to do to win the economic debate—and what the Democrats are doing to make things worse

 

About this title

From the Inside Flap:

If it's true that "it's the economy, stupid," the Democrats should be sitting ducks in 2016. After the crash of 2008 and the Great Recession, America got the weakest recovery in a century. The problem is that the Republicans are just as clueless as their opponents. The GOP can't win the debate--and the election--with the same old shtick.

George Gilder, who revolutionized free-market thinking with his bestselling Wealth and Poverty, does it again with The Scandal of Money. Worn-out doctrines of monetary manipulation are smothering innovation, bloating the financial sector, and crushing the middle class.

Gilder's great insight is that the economy is an information system, driven by human creativity. That system depends on a reliable measuring stick of value, which we call "money." If that measuring stick becomes variable (like the post-gold standard dollar), then information does not flow efficiently and creativity withers.

Our misplaced faith in the power of the Federal Reserve to conjure economic growth by manipulating the money supply has led to the capture of Wall Street by Washington and the consequent starvation of Main Street and Silicon Valley.

If we are to restore American prosperity, if the Republican Party--the party of free markets--is going to make a winning argument, we need to understand how money really works. The Scandal of Money is the most profound--and practical--analysis of politics and economics since Gilder's own classic Wealth and Poverty.

About the Author:

George Gilder, editor in chief of Gilder Technology Report, is chairman of Gilder Publishing LLC, located in Great Barrington, Massachusetts. A cofounder of Discovery Institute, Mr. Gilder is a senior fellow of the Center on Wealth, Poverty, and Morality, and also directs Discovery’s program on high technology and public policy.

Gilder is perhaps known best for his 1981 book, Wealth and Poverty, which became an instant classic, truly serving as the supply-side economics bible of the Reagan revolution. The book, a New York Times bestseller, has sold more than a million copies since its initial release. According to a study of presidential speeches, Gilder was President Reagan’s most frequently quoted living author. In 1986, President Reagan gave George Gilder the White House Award for Entrepreneurial Excellence. 

His New York Times bestseller Knowledge and Power (Regnery, 2013), presented a new theory of economics, based on the breakthroughs from information theory that enabled the computer revolution and the rise of the Internet. In a review, Steve Forbes stated that the book “will profoundly and positively reshape economics... [and] will rank as one of the most influential works of our era.” The book won the Leonard E. Read prize at FreedomFest in Las Vegas in 2013.

Mr. Gilder is a contributing editor of Forbes magazine and a frequent writer for the Economist, the American Spectator, the Harvard Business Review, the Wall Street Journal, and other publications. He lives in Tyringham, Massachusetts, in the Berkshire Mountains, where he is an active churchman, sometime runner, and with his wife Nini, parent of four children.

About this edition

• Publisher: Regnery
• Publication date: 2016
• ISBN 10: 1621575756
• ISBN 13: 9781621575757
• Binding: Hardcover
• Number of pages: 224