Author: United States Congress. House. Banking and Currency CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
Money Facts
Author: United States Congress. House. Banking and Currency CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
Money Facts: 169 Questions and Answers on Money--a Supplement to A Primer on Money, with Index
Author: United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic FinancePublisher:
ISBN:
Category : Currency question
Languages : en
Pages : 212
Book Description
A Primer on Money ; Money Facts
Author: Money Facts
Author: Wright PatmanPublisher: Cosimo, Inc.
ISBN: 1945934379
Category : Political Science
Languages : en
Pages : 65
Book Description
“Money is a terrible master but an excellent servant.” -P.T. Barnum “…Whoever controls the volume of money in any country is absolute master of all industry and commerce.” -President James Garfield “Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.” -Benjamin Franklin The above quotes about money are just a few examples of the many statements made by politicians, businessmen, philosophers, and ordinary people throughout the ages, showing that money has always attracted a lot of attention and controversy. The meaning of money, how it was created, and how it influenced everyday life for Americans inspired Wright Patman throughout his professional life as a Congressman from 1928 to 1975, as chairman of the powerful United States House Committee on Banking and Currency from 1963 to 1975 and a life-long populist in the good sense of the word. He defended the little guy, farmers, veterans and small businessmen against big business, big chain stores, big banks and especially the Federal Reserve system. Together with his Subcommittee on Domestic Finance, Patman released in 1964 A Primer on Money explaining how the US monetary system works and indicated where it needed reform. As a supplement to that report, he released Money Facts--169 Questions and Answers on Money, which is designed to highlight in question and answer form the basic points brought out in A Primer on Money. It answers, for example, what money is: “Money is anything that people will accept in exchange for goods or services, in the belief that they may, in turn, exchange it, now or later, for other goods or services,”, but it also raises many other questions such as: - Who issues currency? - What is a central bank? - What is active monetary policy? - What is the main problem of the Federal Reserve System? Although this publication is over fifty years old, and some changes have been made to the Federal Reserve System since then, this booklet is still relevant and important to understand more about the history and meaning of money and how the Federal Reserve System plays a crucial role in the US economy. This report is interesting reading for students of monetary policy, academics, policymakers, journalists, and anyone interested to learn about the basics of money and the monetary system.
A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)
Author: Peter L. BernsteinPublisher: John Wiley & Sons
ISBN: 0470435208
Category : Business & Economics
Languages : en
Pages : 175
Book Description
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.
Money Facts
Author: United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic FinancePublisher:
ISBN:
Category : Currency question
Languages : en
Pages : 35
Book Description
Money Facts. 169 Questions and Answers on Money. A Supplement to "A Primer on Money". With Index, Etc
Author: United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic FinancePublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Money Facts
Author: United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic FinancePublisher:
ISBN:
Category : Currency question
Languages : en
Pages : 35
Book Description
Money facts. 163 questions and answers on money. A supplement to "A Primer on money". With index, etc
Author: United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic FinancePublisher:
ISBN:
Category :
Languages : en
Pages : 35
Book Description
A Primer on Money
Author: Wright PatmanPublisher: Cosimo, Inc.
ISBN: 1945934360
Category : Political Science
Languages : en
Pages : 159
Book Description
“…We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is, because it says 'Federal Reserve'. It belongs to the private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that is owned exclusively, wholly, 100 percent by the private banks —we have farmed out to them the privilege of issuing the Government's money. If we were to take this privilege back from them, we could save the amount of money that I have indicated in enormous interest charges.” —Wright Patman, Democratic representative from Texas The above quote was from a 1941 speech by U.S. congressman Wright Patman, a fierce critic of the Federal Reserve. *A Primer on Money*, released in 1964 by the Congressional Subcommittee on domestic finance, explains in Patman’s introduction “in simple, everyday language how the US monetary system works and indicates where it needs reform.” It describes specifically: - What is money? - How is money created? - The role of the Federal Reserve System - Money supply and Monetary policy - Improvements in the Money System Although this publication is over fifty years old and changes have been made to the Federal Reserve System since then, it is a testament to Patman’s insights that this report is still relevant and important to today’s discussion about the role of the Federal Reserve in the U.S. economy.