2009 reprint of the 1952 edition. In A Study of the Federal Reserve (1952), Mullins highlighted a purported conspiracy among Paul Warburg, Edward Mandell House, Woodrow Wilson, J.P. Morgan, Charles Norris, Benjamin Strong, Otto Kahn, the Rockefeller family, the Rothschild family, and other European and American bankers which resulted in the founding of a privately … >>
Jun 022010
In a time of widespread crisis and uncertainty in the banking world, this interview-based book analyzes how bank management is reassessing strategic models.
The Formation of Capital
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Jun 012010
This classic refutation of Keynesian monetary policy and radical prescription for balanced growth in today’s private sector economy was written in 1935 by Dr. Harold G. Moulton, the first president of the Brookings Institution (1916-1952) in response to the unsound approach embodied in the New Deal. Its applicability to the present day is seen by the fact that speculative uses of money and credit, along with massive government and consumer debt, threaten to bankrupt families, companies, and nations alike. THE FORMATION OF CAPITAL shows how we can reform the financial system to foster more rapid rates of sustainable growth while reversing our mounting deficits and debt. Moulton’s work offers a framework for monetary policy that can spread prosperity, power and freedom to every citizen. Moulton also raises a radical point: Economic progress and growth need not be limited to existing accumulations of savings. Furthermore, his findings prove that the economy grows faster when it is not dependent on past savings, and businesses can employ “future savings” to finance their economic growth.