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A Tale of Two Economies: A New Financial Operating System For the American Economy Paperback – February 5, 2023

4.4 out of 5 stars 12 ratings

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A Tale of Two Economies details the ongoing battle between the material and the monetary economies. Richly illustrated with whimsical drawings and clear graphics, this full-color book will delight you with a new understanding of the economic world around you.

The good news is that the development of modern technology in our material economy has us on the brink of prosperity. The bad news is that a turf war over the money supply in our monetary economy is destroying our prospects for enjoying this success. Thus, we have rampant inflation and a growing gap between the rich and the poor today.

After the book opens your eyes to what is really going on behind the scenes, it stuns you with a series of breakthrough solutions that would reverse the erosion of our standard of living and propel our standard of living to new highs. Remarkably, these solutions should appeal to both conservatives and liberals. Perhaps, there is hope that the great divide can be overcome after all.

“Whether you are a political pundit, economist, or Wall Street banker,
A Tale of Two Economies is a must-read on what ails our nation today. This book sets the story straight on a battle between two economies and offers a stunning way out of our financial travails. The solution’s brilliance is in its simplicity. In one fell swoop, author Scott Smith wipes out income taxes, balances the budget, and sets our nation on a path to paying off its national debt while also affording new benefits that would catapult our nation into an era of unprecedented prosperity.” —Anthony Scaramucci
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Product details

  • ASIN ‏ : ‎ B0BV49NQ99
  • Publisher ‏ : ‎ Independently published
  • Publication date ‏ : ‎ February 5, 2023
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 112 pages
  • ISBN-13 ‏ : ‎ 979-8376283912
  • Item Weight ‏ : ‎ 7.8 ounces
  • Dimensions ‏ : ‎ 6 x 0.26 x 9 inches
  • Customer Reviews:
    4.4 out of 5 stars 12 ratings

About the author

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Scott Smith
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Scott Smith is an entrepreneur, author, and managing member of the ​C Squared Fund​. He was an early pioneer in structured finance on Wall Street, originating the first mixed-property commercial mortgage conduit and securing a billion-dollar line of credit from DLJ. He developed the model for securitizing loans that became the cornerstone for mortgage-backed securities today. Scott also helped structure the financing for the first phase of President Nelson Mandela’s ​Redevelopment Program​, which provided affordable housing for some 11,000 families near Soweto, South Africa, and paved the way to provide housing for many more families throughout the nation.

While still in finance, Scott founded ​Kidz Magazine ​in 1995, an early example of user-generated content. The monthly publication invited students to submit content that ranged from stories and poems to puzzles and drawings. The publication grew from a local magazine to an international publication with an audience in the millions that spanned 30 nations. Scott’s work in education led him to co-found two Colorado charter schools, ​Summit Middle School and ​Peak-to-Peak Charter School,​ ​​t​he latter of which is ranked among the top schools in the nation by Time Magazine and ​U.S. News & World Report​.

As an entrepreneur Scott is a co-founder of ​Massively Parallel Technologies ​and ​Fathym​, as well as the founder of ​FinaTech​. Massively Parallel is the developer of Blue Cheetah, a software platform that automates the analysis and modernization of legacy code, so it can be migrated to the cloud. Fathym is a low code/no code platform that enables the rapid development of enterprise IoT solutions for the cloud. Scott developed FinaTech’s Augmented ROI​ ®​ solution, which dramatically improves yields for investors in Private Equity funds.

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4.4 out of 5 stars
12 global ratings

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SLAP-ME SIMPLE STRATEGY FOR SUSTAINABLE SOLVENCY
5 out of 5 stars
SLAP-ME SIMPLE STRATEGY FOR SUSTAINABLE SOLVENCY
My only regret is not knowing Scott when he started this project--I'd have been honored to assist. Deepest respect due this brilliant and innovative thinker. You can see in the picture I attached that nearly every other page is dog-eared, comments throughout. This is perhaps the simplest, most logical blueprint on how to resurrect American leadership and sustain a prosperous standard of living in perpetuity. For all. How all the brightest minds in academia never arrived at this strategy is another story. For now, we must work to get this in front of people who can help change our way of working. Together.
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Top reviews from the United States

  • Reviewed in the United States on December 9, 2022
    Scott Smith has presented a plan to repurpose the money system to be a medium of wellbeing instead of an arbiter of wellbeing. His new book, "The Tale of Two Economies", is the most recent in a series of titles that further hones his argument that we need to upgrade our 100+ year old tax system to match our modern economy and meet our current cultural disparities with smart, equitable, and compassionate programs.

    The first part of the book is an laudable attempt at describing how the money system works - never an easy task. What is surprising is the incredible gap in size between the monetary economy and the material economy.

    The last part is where the fun starts - describing a new and surprisingly simple tax code, reforming the purpose of our banking system, and delivering humane and civil social programs - all while maintaining an economic balance.

    What especially excites me is his concept of Community Enterprise Funds as part of his Banking 2.0. This can be a powerful program to prepare our local community's resiliency for the upcoming cultural transformation post carbon pulse.

    A must read for those who are advocating a redirection to a ReGrowth Culture.
    6 people found this helpful
    Report
  • Reviewed in the United States on August 24, 2023
    Format: Audible Audiobook
    My only regret is not knowing Scott when he started this project--I'd have been honored to assist. Deepest respect due this brilliant and innovative thinker. You can see in the picture I attached that nearly every other page is dog-eared, comments throughout.

    This is perhaps the simplest, most logical blueprint on how to resurrect American leadership and sustain a prosperous standard of living in perpetuity. For all.

    How all the brightest minds in academia never arrived at this strategy is another story. For now, we must work to get this in front of people who can help change our way of working. Together.
    Customer image
    5.0 out of 5 stars
    SLAP-ME SIMPLE STRATEGY FOR SUSTAINABLE SOLVENCY

    Reviewed in the United States on August 24, 2023
    My only regret is not knowing Scott when he started this project--I'd have been honored to assist. Deepest respect due this brilliant and innovative thinker. You can see in the picture I attached that nearly every other page is dog-eared, comments throughout.

    This is perhaps the simplest, most logical blueprint on how to resurrect American leadership and sustain a prosperous standard of living in perpetuity. For all.

    How all the brightest minds in academia never arrived at this strategy is another story. For now, we must work to get this in front of people who can help change our way of working. Together.
    Images in this review
    Customer image
    One person found this helpful
    Report
  • Reviewed in the United States on June 15, 2023
    Format: Paperback
    We are caught in a goods and service economy in which there is not enough money to go around to what any common good society could and should be doing for all its citizen -- truly affordable health and education, a chance for everyone to make good, reduction of the vast inequalities and racial injustices, a clean and healthy environment, etc. There appears to be no way out.

    A Tale of Two Economies presents a revolutionary set of ideas, which shows the way out practically. By putting a small fee on all monetary transactions (the money economy, which is 350 times larger than the goods and services economy) we can change everything and move toward a society that can truly work for all.

    Three cheers and five stars!
    JAS
    5 people found this helpful
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Top reviews from other countries

  • Konstantin
    5.0 out of 5 stars America's economic and financial realities
    Reviewed in Canada on July 23, 2024
    Format: PaperbackVerified Purchase
    Most people don't realize the size of the financial sector of the American economy. The book is a simplistic presentation of this reality. The financial sector constitutes most of what we call the American economy.