Book description
A detailed look at how, and why, the American financial system has
reached its current state
Today's economy and capital markets are faced with the long-term
buildup of public and private credit. Furthermore, we face higher
taxes, greater spending, and more debt. We are now at a critical
crossroads and our leaders have few realistic solutions. Proposals
calling for tax reforms or fewer regulations have fallen on deaf ears.
In fact, U. S. democracy has become more socialist and reform is
needed immediately. Endless Money is an examination of how the
U. S. government and the country's financial systems have embraced
socialism, and why cultural deterioration reinforces the trend and
jeopardizes democracy. In it, author William Baker sees this socialism
embodied in two things. The first is the socialization of income, the
second is the socialization of credit.
- Explores the present socialistic qualities of the American
government and its financial system
- Looks back at how today's conditions relate not just to the
Great Depression, but ancient empires such as Rome
- Calls for radical changes such as reduced regulatory power of
the Federal Reserve, a considerable devaluation of the dollar in
terms of gold, and repeal of income tax
- Includes a Web site devoted to book, with recommendations,
quotes from the financial community, and think tank contacts
Insightful and informative, Endless Money examines our current
economic condition and describes what the United States can do to get
back on the right economic track.
William Baker is the founder of Gaineswood
Investment Management, Inc., where he has managed money since 1996. He
has over 25 years of investment experience, including as a portfolio
manager for Oppenheimer Funds. Baker received his master's in business
administration from Dartmouth College and BA in economics from the
University of Pennsylvania.
Visit www. readendless. com
