From the Author
From the Back Cover
"One of the brightest minds in finance." CNBC (6/11/10)
"Warren Mosler is one of the most original and clear-eyed participants in today's debates over economic policy." James Galbraith, Former Executive Director, Joint Economic Committee And Professor, The University Of Texas - Austin
"In this model of clarity, Warren Mosler debunks (in his own words) so many of the 'innocent frauds' that have contributed to our current economic and social malaise. More importantly, Mosler is no Ivory Tower academic. He has been a highly successful money manager, and his characterization of our modern monetary system is spot on: Mosler far more accurately depicts market realities than any of the self-styled "mainstream" economics textbooks, which dominate in the halls of academe, and in the corridors of power in Washington, Brussels, and Asia. This book should not only become mandatory reading for students of economics, but any policy maker who truly wants to deal with the grave disasters engendered from years of "reading from the wrong playbook" Marshall Auerback, Director Institute For New Economic Thinking, Pinetree Capital Portfolio Strategist, Fellow For The Economists For Peace And Security, Research Associate, Levy Institute.
"I can say without hesitation that Warren Mosler has had the most profound impact on our understanding of modern money and government budgets of anyone I know or know of, including Nobel Prize winners, Central Bank Directors, Ministers of Finance and full professors at Ivy League Universities. It is no exaggeration to say that his ideas concerning economic theory and policy are responsible for the most exciting new paradigm in economics in the last 30 years - perhaps longer - and he has inspired more economists to turn their attention to the real world of economic policy than any other single individual." Dr. Matthew Forstater, Professor Of Economics, University Of Missouri - Kansas City
"Warren is one of the rare individuals who understand money and finance and how the Treasury and the Fed really work. He receives information from industry experts from all over the world." William K. Black, Associate Professor Of Economics & Law, University Of Missouri - Kansas City