Money for Beginners An Illustrated Guide

by Wray, L. Randall; van Doornen, Heske

• ISBN13: 9781509554607
• ISBN10: 1509554602
• Edition: 1st
• Format: Hardcover
• Copyright: 2023-05-15
• Publisher: Polity

Summary

Money is mysterious. We love it, we hate it, but few people can tell you what the heck it really is. Wouldn't it be good to get out of the fog?

This book will help you understand both the way money works and how to leverage its power. The authors take you on an illuminating journey from your piggy bank to the Federal Reserve with no pesky jargon or complex math.

Once you see money clearly, life will never be the same. You'll know what really goes on in banks and what the cash in your wallet represents. You'll know how government really spends and why it can’t run out of money.

You'll know what money can actually do — and how we can make it work for us.

Author Biography

L. Randall Wray is an expert on MMT, Professor of Economics at Bard College and Senior Scholar at the Levy Economics Institute. His book Making Money Work for Us was also published by Polity in 2022.
Heske Van Doornen is an economist, writer, and artist.

Table of Contents

Introduction

Chapter 1. Money: An Introduction

Chapter 2. Money: An Origins Story

Chapter 3. Money: The Story of Redemption

Chapter 4. Currency: The Government’s Money

Chapter 5. Can Government Run Out of Currency?

Chapter 6. Anyone Can Create Money?

Chapter 7. Private Bank Money

Chapter 8. The Central Bank’s Money: Lender of Last Resort

Chapter 9. Central Bank Money: Government Finance

Chapter 10. Government’s Debt is Our Asset

Chapter 11. Money as Scorekeeping

Chapter 12. Rise of the Winners-Take-All Economy

Chapter 13. The Way Forward: We Take Care of our Own