Central Bankers at the End of Their Rope?: Monetary Policy and the Coming Depression

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Product Details
$26.95  $25.06
Clarity Press
Publish Date
5.9 X 8.9 X 1.1 inches | 1.19 pounds

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About the Author
Dr. Jack Rasmus is the author of several books on the USA and global economy, including Systemic Fragility in the Global Economy, 2015; Epic Recession: Prelude to Global Depression, 2010, and Obama's Economy, 2012. He hosts the weekly New York radio show, Alternative Visions, on the Progressive Radio network; is shadow Federal Reserve Bank chair of the 'Green Shadow Cabinet' and economic advisor to the USA Green Party's presidential candidate, Jill Stein. He writes bi-weekly for Latin America's teleSUR TV, for Z magazine, Znet, and other print & electronic publications.
"Rasmus documents the ties of the Federal Reserve to Wall Street and demands democratization of central banking with a series of common sense solutions. A great book. I learned a lot from it." LARRY COHEN, Board of Directors, OUR REVOLUTION
"The most reliable guide to understanding neoliberalism is Jack Rasmus; his book, Central Bankers at the End of Their Rope?, examines the fundamental role of central banks in our new, savage global economy."DAVID BAKER, Z Magazine, October 2017 "Rasmus has succeeded in proving that central banking has not performed its functions during the past decade. Institutional and performance management capacity as well as the perception about the global financial system, which had changed, were lacking. Central Bankers at the End of Their Rope is a book that reveals the context of the world economy, cyclical clashes of economic development, influences, and the imperfections of central banking system configuration."-- Capital & Class
Ambitious, deeply researched, and far reaching in its scope and conclusions, Contagion is actually several books in one. Its summary of what AI is and will likely become is a standalone revelation. It also offers a critique of socio-economic ripple effects that verge on dystopian, and essays and "case studies" of specific sectors or regions, notably a chapter on China's fusion of AI and social control. Finally it proposes solutions for slowing or incorporating the effects while society and governments catch up. One particular eye-opener for this reader was the chapter about historic cycles of so-called "creative destruction," in which economies based on different technologies evolve or transform, cycling through decline and recovery, e.g. the blacksmiths of the horse-and-buggy era shifting to the automobile trade. As David and Daniel Barnhizer explain, however, the AI revolution may leave humans in its dust, with no recovery possible." -- Jeffrey Long, NYT Bestselling author