Audiobook8 hours
Jimmy Stewart Is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking
Written by Laurence J. Kotlikoff
Narrated by Christian Rummel
Rating: 3 out of 5 stars
3/5
()
About this audiobook
We let Wall Street play craps with our financial system, our economy, and our tax dollars. The result -- we lost big time. Jimmy Stewart is Dead is a call to return to basics with a strategy that is very much like the one used by Stewart's character George Bailey in It's a Wonderful Life: banks should be no more than intermediaries between borrowers and lenders and savers and investors. The book describes in plain English and simple terms the big con underlying the big game the web of interconnected financial, political, and regulatory malfeasance that culminated in financial meltdown and brought us to our economic knees. It also proposes the financial fix. Kotlikoff's solution is an idea he has termed limited purpose banking, a simple and essentially costless change to our financial system. It limits banks to their legitimate purpose, namely connecting (intermediating between) borrowers and lenders and savers and investors. Under limited purpose banking, all banks would operate as saving institutions and mutual funds that sell safe as well as risky collections of securities to the public. As mutual funds, the banks would simply function as middlemen. They would never, themselves, own financial assets or borrow to invest in anything except assets, needed to run their mutual funds. Hence, banks would never be in a position to fail because of ill-advised financial bets. Engaging and enlightening, Jimmy Stewart is Dead introduces a strategy for no-risk banking. The book explains the tenets of the plan such as the regained government control of the money supply and the new role of insurance companies. Author Laurence Kotlikoff, a leading economist, believes there is a better way to restore trust in our financial system and get our economy rolling than by having Unce Sam pledge to always clean up the mess. Its not to let the mess happen to begin with.
Author
Laurence J. Kotlikoff
Laurence J. Kotlikoff is a professor of economics at Boston University and president of Economic Security Planning, Inc. His company websites are ESPlanner.com and MaximizeMySocialSecurity.com. To learn more, visit GetWhatsYours.org.
Related to Jimmy Stewart Is Dead
Related audiobooks
The Great Degeneration: How Institutions Decay and Economies Die Rating: 4 out of 5 stars4/5The Death of Capital: How New Policy Can Restore Stability Rating: 3 out of 5 stars3/5Leverage: How Cheap Money Will Destroy the World Rating: 4 out of 5 stars4/5Busted: Life Inside the Great Mortgage Meltdown Rating: 3 out of 5 stars3/5The Wealth of a Nation: A History of Trade Politics in America Rating: 0 out of 5 stars0 ratingsChina's World View: Demystifying China to Prevent Global Conflict Rating: 0 out of 5 stars0 ratingsThe Election of 1860: A Nation Divides on the Eve of War Rating: 4 out of 5 stars4/5The City Of Dreadful Night Rating: 0 out of 5 stars0 ratingsThe Age of Deception: Nuclear Diplomacy in Treacherous Times Rating: 5 out of 5 stars5/5Summary of Peter Turchin's Ages of Discord Rating: 0 out of 5 stars0 ratingsPower, Prime Ministers and the Press: The Battle for Truth on Parliament Hill Rating: 0 out of 5 stars0 ratingsWhat's Wrong with China Rating: 5 out of 5 stars5/5MANOPOLY!? The Persian Affair: Volume 1 Rating: 5 out of 5 stars5/5Mercies in Disguise: A Story of Hope, a Family's Genetic Destiny, and the Science That Rescued Them Rating: 4 out of 5 stars4/5Barry Lyndon: The Lost Manuscript Rating: 0 out of 5 stars0 ratingsThe Controversialist: Arguments with Everyone, Left Right and Center Rating: 0 out of 5 stars0 ratingsThe Populist Temptation: Economic Grievance and Political Reaction in the Modern Era Rating: 0 out of 5 stars0 ratingsThe End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia Rating: 0 out of 5 stars0 ratingsSummary of Herman Pontzer's Burn Rating: 0 out of 5 stars0 ratingsEverything in Moderation Rating: 4 out of 5 stars4/5The Death of Meaning Rating: 0 out of 5 stars0 ratingsSmashing the Liquor Machine: A Global History of Prohibition Rating: 0 out of 5 stars0 ratingsNeighbors - Life Stories of the Other Half Rating: 0 out of 5 stars0 ratingsGambling on Development: Why Some Countries Win and Others Lose Rating: 0 out of 5 stars0 ratingsSummary of Marc Morris's The Anglo-Saxons Rating: 0 out of 5 stars0 ratingsThe Huxleys: An Intimate History of Evolution Rating: 0 out of 5 stars0 ratingsHistory of Debt Rating: 0 out of 5 stars0 ratingsEvan Thomas - Robert Kennedy: His Life Rating: 0 out of 5 stars0 ratingsThe Long Shadow of Default: Britain's Unpaid War Debts to the United States, 1917-2020 Rating: 0 out of 5 stars0 ratingsSuez Canal Speech Rating: 0 out of 5 stars0 ratings
Business For You
The Charisma Myth: How Anyone Can Master the Art and Science of Personal Magnetism (Intl Ed) Rating: 5 out of 5 stars5/5Blink by Malcolm Gladwell - Book Summary: The Power of Thinking Without Thinking Rating: 4 out of 5 stars4/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 5 out of 5 stars5/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Think Faster, Talk Smarter: How to Speak Successfully When You're Put on the Spot Rating: 4 out of 5 stars4/5Start With Why Summary Rating: 4 out of 5 stars4/5Silva Mind Control Method Of Mental Dynamics Rating: 5 out of 5 stars5/5How to Manage Your Money When You Don't Have Any Rating: 4 out of 5 stars4/5The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy Rating: 5 out of 5 stars5/5Extreme Ownership: How U.S. Navy SEALs Lead and Win Rating: 5 out of 5 stars5/5Manage Your Day-to-Day: Build Your Routine, Find Your Focus, and Sharpen Your Creative Mind Rating: 4 out of 5 stars4/5Algorithms to Live By: The Computer Science of Human Decisions Rating: 4 out of 5 stars4/5The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy Rating: 5 out of 5 stars5/5The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers Rating: 5 out of 5 stars5/5How To Win Friends And Influence People Rating: 4 out of 5 stars4/5The Artist's Way at Work: Riding the Dragon: Twelve Weeks to Creative Freedom Rating: 4 out of 5 stars4/5The New One Minute Manager Rating: 5 out of 5 stars5/5Seeing What Others Don't: The Remarkable Ways We Gain Insights Rating: 4 out of 5 stars4/5Getting Things Done: The Art of Stress-Free Productivity Rating: 4 out of 5 stars4/5Win Every Argument: The Art of Debating, Persuading, and Public Speaking Rating: 5 out of 5 stars5/5How to Grow Your Small Business: A 6-Step Plan to Help Your Business Take Off Rating: 5 out of 5 stars5/5How To Lie With Statistics Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5The Sociopath Next Door: The Ruthless Versus the Rest of Us Rating: 4 out of 5 stars4/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5The Anatomy of Peace, Fourth Edition: Resolving the Heart of Conflict Rating: 5 out of 5 stars5/5The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5
Reviews for Jimmy Stewart Is Dead
Rating: 3 out of 5 stars
3/5
5 ratings0 reviews