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Triumph of the Bankers

Triumph of the Bankers

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International Edition

About the Book

In this sure-to-be-controversial history of money and banking, Hixson examines the historical and resulting present-day deficiencies of the U.S. monetary and banking system. His study reveals that in a whole series of historical cases over the eighteenth and nineteenth centuries faulty economic principles were applied to the developing system. His bold conclusions include suggestions that: commercial banks should be required to maintain 100 percent reserves on all demand-deposit accounts and thus be denied the present privilege of creating credit-money; and the federal government should be the sole creator of money in the economy. As in his previous book, Hixson challenges generally accepted historical and economic wisdom, making this a significant contribution to the literature.

About the Author:

WILLIAM F. HIXSON is a retired businessman and engineer, as well as an amateur economist, who has published articles in the Eastern Economic Journal, The History of Economics Society Bulletin, and Economies et Societes./e He is the author of A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth (Praeger, 1991).

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Product Details
  • ISBN-13: 9780275946074
  • Publisher: Praeger Publishers
  • Publisher Imprint: Praeger Publishers
  • Height: 234 mm
  • No of Pages: 208
  • Series Title: Bibliographies & Indexes in Anthropology S
  • Weight: 471 gr
  • ISBN-10: 027594607X
  • Publisher Date: 30 Jul 1993
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Spine Width: 13 mm
  • Width: 156 mm

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