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Money, Markets, and Democracy - Politically Skewed Financial Markets and How to Fix Them (Hardcover, 1st ed. 2017)
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Money, Markets, and Democracy - Politically Skewed Financial Markets and How to Fix Them (Hardcover, 1st ed. 2017)
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This book offers a comprehensive analysis of the ways that politics
and financial markets impact one another. In this relationship,
politics is the ultimate controlling force. The kinds and prices of
financial instruments that get traded and the individuals and
institutions that get to trade them, not to mention the rules under
which everyone trades, are all matters decisively influenced by an
array of political variables - sometimes for the better, but all
too often for the worse. The fault for this political skewing of
the markets chiefly lies with democracy. Through its commitment to
equality and its inclination towards fiscal profligacy, democracy
hinders the markets from acting as a greater force for social good.
To fix this skewing of finance, democracy's troubling tendencies
must be squarely faced and curbed by a return to its monetary
roots. Democracy must reinstall gold at the monetary foundations of
our financial markets.
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