Overview

Money is the accounting tool that members of society use to exchange items of value. It has been repeatedly reinvented over the ages to fulfill that task more perfectly. At some point in our past, however, money was mistaken for real value, and everything changed. Today, loans are made by creating new money under the assumption that the new money is actual value. The return on invested money is higher than that on invested labor. Governments get around representative taxation through the use of inflation. And while millions cannot afford healthcare, a small percentage of the population continues to get richer and now owns the vast majority of worldwide wealth. The book Money goes right to the heart of these matters. They are not mistakes in the system but rather are symptoms of how the system is supposed to work. Written not by a banker or economist but by an engineer, Money breaks this seemingly complicated situation down to its essence. It is not a math problem that is too complicated to solve, and it is not a blunder by a nebulous they. The system is intended to work this way. Money is a no-nonsense approach to understanding the real problems. There are no assumptions made, and everything is laid bare.

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