Money for Beginners: An Illustrated Guide

by L. Randall Wray, Heske Van Doornen (Illustrator)

Money is mysterious. We love it, we hate it, but few people can tell you what the heck it really is . Wouldn't it be good to get out of the fog? This book will help you understand both the way money works and how to leverage its power. The authors take you on an illuminating journey from your piggy bank to the Federal Reserve with no pesky jargon or complex math. Once you see money clearly, life will never be the same. You'll know what really goes on in banks and what the cash in your wallet represents. You'll know how government really spends and why it can’t run out of money. You'll know what money can actually do ― and how we can make it work for us.

Genres: Economics

144 pages, Paperback

Published May 22, 2023

Reviews

[Andrew Wyman · Rating 4 out of 5]

Great job at explaining how money works. Don’t agree with the policy takes of the author but the book makes a lot of great points on how money works and I definitely learned enough to make this a great read and helps me understand the thinking of MMT. Also, the writing and illustrations do a great job of simplifying a very difficult subject.

[Jothsna · Rating 4 out of 5]

A good introduction to MMT.

[Rommel Harlequin Monet · Rating 1 out of 5]

If the ideas (borrowed from the equally disabled G. Knapp) promoted in this fairy tale book were true , then the book linked to below (from 1650) couldn't possibly exist. But it does.

https://archive.org/details/keywealth...

or... this one, from 1710 (after the BOE was set up):

"But the Design of this Paper is only to give a general and summary Account of the said Proposal, as far as it is hop'd may prevail with the Wisdom of Parliament, to take it into Examination, and all the Particulars concerning it ; which are ready to be Submitted according to Direction. It is therefore propos'd, * That an Office be erected, under the Direction of my Lord Treasurer, for the Establishment of a Publick Credit upon the 'Parliamentary Funds, for this Years' Service (so far as the House shall think proper) issuable to all those Persons, and none other, who have Claims upon the Government, upon those Accounts for which those Funds were given, and who shall voluntarily accept the same, and give such legal discharges to the government, as are usual upon their being paid in money. These bills are, according to the method propos'd, to be taken back and made passable in all Payments of the public Revenue, throughout England; and it is also provided that an office be erected for that purpose, where they shall be converted into specie on Demand, this will give them an universal Circulation with all sorts of People, as well as those that make payments to the Government. The offices from whence these bills issue, and where they are to be paid, to be managed by a competant number of Commissioners..."

https://archive.org/details/essayupon...

Do your homework, MMT. Economists had it correct all along (for hundreds of years). Your life work was a fraud, pick a new career