Money And Its Laws
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Author | : Peter J. Boettke |
Publisher | : Cambridge University Press |
Total Pages | : 213 |
Release | : 2021-06-03 |
Genre | : Business & Economics |
ISBN | : 110884619X |
Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. Furthermore, central bank discretion implicitly violates the basic jurisprudential norms of liberal democracy. Drawing on a wide body of scholarship, this volume presents a novel argument in favor of embedding monetary institutions into a rule of law framework. The authors argue for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. A rule of law approach to monetary policy would remedy the flaws that resulted in misguided monetary responses to the 2007-8 financial crisis and the COVID-19 pandemic. Understanding the case for true monetary rules is the first step toward creating more stable monetary institutions.
Author | : Peter J. Boettke |
Publisher | : Cambridge University Press |
Total Pages | : 213 |
Release | : 2021-06-03 |
Genre | : Business & Economics |
ISBN | : 1108479847 |
A novel argument that shows how rules work better than discretion when implementing monetary policy.
Author | : William Brough |
Publisher | : |
Total Pages | : 184 |
Release | : 1894 |
Genre | : Banks and banking |
ISBN | : |
Author | : David Murray Fox |
Publisher | : Oxford University Press |
Total Pages | : 921 |
Release | : 2016 |
Genre | : Antiques & Collectibles |
ISBN | : 0198704747 |
Monetary law is essential to the functioning of private transactions and international dealings by the state: nearly every legal transaction has a monetary aspect. Money in the Western Legal Tradition presents the first comprehensive analysis of Western monetary law, covering the civil law and Anglo-American common law legal systems from the High Middle Ages up to the middle of the 20th century. Weaving a detailed tapestry of the changing concepts of money and private transactions throughout the ages, the contributors investigate the special contribution made by legal scholars and practitioners to our understanding of money and the laws that govern it. Divided in five parts, the book begins with the coin currency of the Middle Ages, moving through the invention of nominalism in the early modern period to cashless payment and the rise of the banking system and paper money, then charting the progression to fiat money in the modern era. Each part commences with an overview of the monetary environment for the historical period written by an economic historian or numismatist. These are followed by chapters describing the legal doctrines of each period in civil and common law. Each section contains examples of contemporary litigation or statute law which engages with the distinctive issues affecting the monetary law of the period. This interdisciplinary approach reveals the distinctive conception of money prevalent in each period, which either facilitated or hampered the implementation of economic policy and the operation of private transactions.
Author | : Louis Dembitz Brandeis |
Publisher | : Binker North |
Total Pages | : 250 |
Release | : 1914 |
Genre | : Business & Economics |
ISBN | : |
The great monopoly in this country is money. So long as that exists, our old variety and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit.
Author | : Andreas Rahmatian |
Publisher | : Routledge |
Total Pages | : 275 |
Release | : 2019-10-28 |
Genre | : Law |
ISBN | : 0429594844 |
Money is a legal institution with principal economic and sociological consequences. Money is a debt, because that is how it is conceptualised and comes into existence: as circulating credit – if viewed from the creditor’s perspective – or, from the debtor’s viewpoint, as debt. This book presents a legal theory of money, based on the concept of dematerialised property. It describes the money creation or money supply process for cash and for bank money, and looks at modern forms of money, such as cryptocurrencies. It also shows why mainstream economics presupposes, but avoids an analysis of, money by effectively eliminating money from the microeconomic market model and declaring it as merely a neutral medium of exchange and unit of account. The book explains that money rather brings about and influences substantially the exchange or transaction it is supposed to facilitate only as a neutral medium. As the most liquid of all assets, money enables financialisation, monetisation and commodification in the economy. The central role of the banks in the money creation process and in the economy, and their strengthened position after the bank rescue measures in the wake of the financial crisis 2008-9 are also discussed. Providing a rigorous analysis of the most salient legal issues regarding money, this book will appeal to legal theorists, economists and anyone working in commercial or banking law.
Author | : Morgan Ricks |
Publisher | : University of Chicago Press |
Total Pages | : 360 |
Release | : 2016-03-09 |
Genre | : Business & Economics |
ISBN | : 022633046X |
An “intriguing plan” addressing shadow banking, regulation, and the continuing quest for financial stability (Financial Times). Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a “public” or “private” activity—or both? What do we mean by, and want from, financial stability? What role should regulation play? How would we design our monetary institutions if we could start from scratch? In The Money Problem, Morgan Ricks addresses these questions and more, offering a practical yet elegant blueprint for a modernized system of money and banking—one that, crucially, can be accomplished through incremental changes to the United States’ current system. He brings a critical, missing dimension to the ongoing debates over financial stability policy, arguing that the issue is primarily one of monetary system design. The Money Problem offers a way to mitigate the risk of catastrophic panic in the future, and it will expand the financial reform conversation in the United States and abroad. “Highly recommended.” —Choice
Author | : Wayne Wakefield |
Publisher | : Morgan James Publishing |
Total Pages | : 281 |
Release | : 2014-09 |
Genre | : Business & Economics |
ISBN | : 1630471054 |
40 Unbreakable Laws Of Money reveals Wayne Wakefield’s “Hidden” secrets to the money and business world that only the few wealthy know. Through almost 30-years of business and finance, Wayne discovered Laws that must be followed that secure success. He breaks the money world down with humor and a very common sense approach that brings major revelation to those who dare to take the time to read and invest in themselves. “Wealth has very little to do with money, it is about ‘applied knowledge’ and ‘your mindset.” Who told you, you had to go to a bank or a lender with your hat in your hand to qualify for a loan? Who told you, you had to pay for your home, car, boat and plane? Get someone else to pay for them! Where did you learn that you must have a good job to become financially independent? Make almost everything owned legally tax deductable; including this book! Where did you learn that it took a college education, good credit and a savings account to become wealthy and financially independent? 40 Unbreakable Laws of Money teaches why you should always be a “Wealthy-Poor Person!” Wayne opens the world of money and the secrets to the free enterprise system to create a mindset that challenges and changes everything you were taught. You will not have to memorize the 40 Unbreakable Laws because they will become part of you as you complete each chapter. You will immediately recognize and start changing what you do financially through a revelatory new mindset. “You will never be able to go back and you will never think the same way again!”
Author | : Deepak Chopra, M.D. |
Publisher | : Harmony |
Total Pages | : 198 |
Release | : 2022-03-01 |
Genre | : Self-Help |
ISBN | : 0593233808 |
An enlightening guide to success, fulfillment, wholeness, and plenty, offering practical advice on how to cultivate a sense of abundance in times of fear and insecurity, from New York Times bestselling author Deepak Chopra “To attain wealth of the lasting kind, the kind that gives your life meaning, value, and sustenance, base your daily existence on the generosity of spirit.”—Deepak Chopra Many of us live and operate from a mindset of lack, scarcity, and limitation. We focus on what we don’t have—financial security, confidence, an intimate relationship—which keeps us feeling insecure and inadequate. We think “if only I could have those things, I could be happy.” But measuring wealth by money or material possessions leaves us feeling drained and spiritually empty. Constantly striving for more often means our ego is driving our thoughts, actions, and reactions, which prevents us from reaching something greater: a true sense of inner peace, acceptance, and fulfillment. Yet, there is an inner path to prosperity and wealth that, once charted and explored, provides access to the great riches of the universe and life’s unbounded possibilities. In Abundance, international bestselling author Deepak Chopra illuminates this road to success and wholeness, helping readers tap into a deeper sense of awareness to become agents of change in their own lives. Mixing ancient teachings and spiritual practices with the wisdom he’s garnered over four decades as the leading figure in mind-body medicine, Deepak demonstrates how to transcend self-generated feelings of limitation and fear in order to experience true abundance in all aspects of life. To do so, he offers a seven-step plan along with meditations and mindfulness techniques to help you focus and direct your attention, energy, and intuition so you can experience stability, affluence, insight, creativity, love, and true power.
Author | : Thomas Greco |
Publisher | : Chelsea Green Publishing |
Total Pages | : 322 |
Release | : 2001-11-01 |
Genre | : Business & Economics |
ISBN | : 160358188X |
Cash. Loot. Scratch. Lucre. Bread. Coin. Scrip. Moolah. Green. We all think we know intuitively what money is, and what it can do for us. Tom Greco, director of the Community Information Resource Center, understands and explains money on an eye-popping, fundamental level. Moreover, he provides a roadmap on how to make alternatives to the "legal tender" work for individuals, communities, and local economies. Money will set your mental gears spinning with fantastic ideas. This book explains the mysteries and realities of money in clear and accessible prose, and reveals the true workings, and alarming fragility, of our existing financial system. It also describes concrete and realistic actions that individuals, businesses, social service agencies, and governments can take to enhance productivity and purchasing power, to protect local economies from the ravages of globalization, and to strengthen the bonds of community. Money is a radical critique of our existing financial system, but also a practical and inspirational how-to manual for creating a vibrant and effective community currency system. You'll learn: The truth about how money is created, and what it actually represents Why we're all in debt How the financial system is structured to inevitably transfer wealth from the poor to the rich How to start a financial revolution in your local community A retired professor of business and economics, Tom Greco has spent twenty years studying community currency systems around the world, including historical models (such as during the Great Depression), and the scores of contemporary examples now operating in the United States, Canada, Europe, South America, Australia, New Zealand, and Japan. He helped establish the Tucson Traders currency in Arizona, and he has served as a consultant for many others. No pie-in-the-sky idealist, Greco offers a realistic vision of how healthy local economies can be supplemented with flourishing community currencies. Anyone who works routinely with money needs this book--this means bankers, stockbrokers, merchants, community organizers, loan sharks, gamblers, investors, bank robbers, hedgefund operators, sports agents, and ordinary people.