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Author: George M. Hall
Publisher: AuthorHouse
ISBN: 1496921135
Category : Political Science
Languages : en
Pages : 327
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Book Description
Revamping the Political Economy after the Impending Collapse No country can borrow indefinitely without fatal consequences. But that is just what the United States is doing; adding nearly a trillion dollars annually to its already massive debt, as overseen by a Congress with an approval rating in the 10-to-14 percent range. In the process, the mind-set that spawned the sub-prime mortgage now renders the entire economy sub-prime. This book explains why and how resolution might obtain after the collapse. The essence is termed polity economics, given that the bifurcated concepts of capitalism and socialism have lost their utility yet persist as incompatible political touchstones. This perspective includes some twenty explicit elements, all addressed at length. Yet by itself, it too will also eventually fail. For it is also essential to restate the Constitution so that it becomes efficaciously aligned with the evolved culture and ethic of the United States, especially to instill stability within the fiscal operations that have come to dominate the country. The ABC's of that admittedly profound document simply do not address the D-through-Z's that have devolved over more than two centuries. Excerpts On fiscal carrying capacity. Isn't the United States simply too big to fail? History laughs. Every empire and nation has been laid waste when it continuously reached for more than it could grasp, which leads to the primary argument in this book: --Every economy has a substantive need for just so much money and fungible assets: a carrying capacity, so to speak. When that capacity is exceeded, money becomes a commodity in its own right. Given propensities to accumulate money and inflate values over a bread-and-butter baseline, the econ-omy degenerates in three successive tiers. The first tier harbors the inevitable dis-tensions of economics, such as periodic business cycles and recessions. Yet money remains a tool, not the essence. But if recessions are avoided, money begins to compete with the substantive aspects of an economy. This is the second tier, where leveraged val-ues inherently devolve unstable, followed eventually by a depression. Yet even de-pres-sion can be staved off by massive bailouts and unsustainable debt. This is the third tier. Money takes pri-or-ity over substance, until, that is, the economy collapses. On political versus supposed economic rights. There may be free speech; there is no free lunch."
Author: George M. Hall
Publisher: AuthorHouse
ISBN: 1496921135
Category : Political Science
Languages : en
Pages : 327
Get Book Here
Book Description
Revamping the Political Economy after the Impending Collapse No country can borrow indefinitely without fatal consequences. But that is just what the United States is doing; adding nearly a trillion dollars annually to its already massive debt, as overseen by a Congress with an approval rating in the 10-to-14 percent range. In the process, the mind-set that spawned the sub-prime mortgage now renders the entire economy sub-prime. This book explains why and how resolution might obtain after the collapse. The essence is termed polity economics, given that the bifurcated concepts of capitalism and socialism have lost their utility yet persist as incompatible political touchstones. This perspective includes some twenty explicit elements, all addressed at length. Yet by itself, it too will also eventually fail. For it is also essential to restate the Constitution so that it becomes efficaciously aligned with the evolved culture and ethic of the United States, especially to instill stability within the fiscal operations that have come to dominate the country. The ABC's of that admittedly profound document simply do not address the D-through-Z's that have devolved over more than two centuries. Excerpts On fiscal carrying capacity. Isn't the United States simply too big to fail? History laughs. Every empire and nation has been laid waste when it continuously reached for more than it could grasp, which leads to the primary argument in this book: --Every economy has a substantive need for just so much money and fungible assets: a carrying capacity, so to speak. When that capacity is exceeded, money becomes a commodity in its own right. Given propensities to accumulate money and inflate values over a bread-and-butter baseline, the econ-omy degenerates in three successive tiers. The first tier harbors the inevitable dis-tensions of economics, such as periodic business cycles and recessions. Yet money remains a tool, not the essence. But if recessions are avoided, money begins to compete with the substantive aspects of an economy. This is the second tier, where leveraged val-ues inherently devolve unstable, followed eventually by a depression. Yet even de-pres-sion can be staved off by massive bailouts and unsustainable debt. This is the third tier. Money takes pri-or-ity over substance, until, that is, the economy collapses. On political versus supposed economic rights. There may be free speech; there is no free lunch."
Author: Karen DeMoss
Publisher: Routledge
ISBN: 131792777X
Category : Education
Languages : en
Pages : 240
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Book Description
This yearbook offers research and insights to stimulate thought, inform debates, and explore future research directions.
Author: Benjamin I. Page
Publisher: University of Chicago Press
ISBN: 022658626X
Category : Political Science
Languages : en
Pages : 232
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Book Description
A look into the covert influence billionaires wield in American politics and the actions citizens can take to hold them more accountable. In 2016, when millions of Americans voted for Donald Trump, many believed his claims that personal wealth would free him from wealthy donors and allow him to “drain the swamp.” But then Trump appointed several billionaires and multimillionaires to high-level positions and pursued billionaire-friendly policies, such as cutting corporate income taxes. Why the change from his fiery campaign rhetoric and promises to the working class? This should not be surprising, argue Benjamin I. Page, Jason Seawright, and Matthew J. Lacombe: As the gap between the wealthiest and the rest of us has widened, the few who hold one billion dollars or more in net worth have begun to play a more and more active part in politics—with serious consequences for democracy in the United States. Page, Seawright, and Lacombe argue that while political contributions offer a window onto billionaires’ influence, especially on economic policy, they do not present a full picture of policy preferences and political actions. That is because on some of the most important issues, including taxation, immigration, and Social Security, billionaires have chosen to engage in “stealth politics.” They try hard to influence public policy, making large contributions to political parties and policy-focused causes, leading policy-advocacy organizations, holding political fundraisers, and bundling others’ contributions—all while rarely talking about public policy to the media. This means that their influence is not only unequal but also largely unaccountable to and unchallengeable by the American people. Stealth politics makes it difficult for ordinary citizens to know what billionaires are doing or mobilize against it. The book closes with remedies citizens can pursue if they wish to make wealthy Americans more politically accountable, such as public financing of political campaigns and easier voting procedures, and notes the broader types of reforms, such as a more progressive income tax system, that would be needed to increase political equality and reinvigorate majoritarian democracy in the United States. Praise for Billionaires and Stealth Politics “Incredibly important. The authors provide—for the first time—a clear sense of the politics and political activity of the top one hundred billionaires in America, matching what billionaires have said with what they’ve done and showing the troubling transparency gap that is critical to the evolution of policy. Billionaires and Stealth Politics is a key addition to understanding our current political reality, focused on it most significant lever.” —Lawrence Lessig, author of America, Compromised “The wealth held by American billionaires exceeds the Gross Domestic Product of dozens of countries. They exercise tremendous influence over society, the economy, and politics. Yet their impact is not well-understood. Page, Seawright, and Lacombe have given us a compelling and original piece of work on an important topic.” —Darrell M. West, Brookings Institution
Author: Peter Dietsch
Publisher: John Wiley & Sons
ISBN: 1509525807
Category : Philosophy
Languages : en
Pages : 78
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Book Description
Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.
Author: Cass R. Sunstein
Publisher: Harvard University Press
ISBN: 0674247531
Category : Law
Languages : en
Pages : 209
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Book Description
From two legal luminaries, a highly original framework for restoring confidence in a government bureaucracy increasingly derided as “the deep state.” Is the modern administrative state illegitimate? Unconstitutional? Unaccountable? Dangerous? Intolerable? American public law has long been riven by a persistent, serious conflict, a kind of low-grade cold war, over these questions. Cass Sunstein and Adrian Vermeule argue that the administrative state can be redeemed, as long as public officials are constrained by what they call the morality of administrative law. Law and Leviathan elaborates a number of principles that underlie this moral regime. Officials who respect that morality never fail to make rules in the first place. They ensure transparency, so that people are made aware of the rules with which they must comply. They never abuse retroactivity, so that people can rely on current rules, which are not under constant threat of change. They make rules that are understandable and avoid issuing rules that contradict each other. These principles may seem simple, but they have a great deal of power. Already, without explicit enunciation, they limit the activities of administrative agencies every day. But we can aspire for better. In more robust form, these principles could address many of the concerns that have critics of the administrative state mourning what they see as the demise of the rule of law. The bureaucratic Leviathan may be an inescapable reality of complex modern democracies, but Sunstein and Vermeule show how we can at last make peace between those who accept its necessity and those who yearn for its downfall.
Author: Adam B. Cox
Publisher: Oxford University Press
ISBN: 0190694386
Category : Law
Languages : en
Pages : 361
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Book Description
Who controls American immigration policy? The biggest immigration controversies of the last decade have all involved policies produced by the President policies such as President Obama's decision to protect Dreamers from deportation and President Trump's proclamation banning immigrants from several majority-Muslim nations. While critics of these policies have been separated by a vast ideological chasm, their broadsides have embodied the same widely shared belief: that Congress, not the President, ought to dictate who may come to the United States and who will be forced to leave. This belief is a myth. In The President and Immigration Law, Adam B. Cox and Cristina M. Rodríguez chronicle the untold story of how, over the course of two centuries, the President became our immigration policymaker-in-chief. Diving deep into the history of American immigration policy from founding-era disputes over deporting sympathizers with France to contemporary debates about asylum-seekers at the Southern border they show how migration crises, real or imagined, have empowered presidents. Far more importantly, they also uncover how the Executive's ordinary power to decide when to enforce the law, and against whom, has become an extraordinarily powerful vehicle for making immigration policy. This pathbreaking account helps us understand how the United States ?has come to run an enormous shadow immigration system-one in which nearly half of all noncitizens in the country are living in violation of the law. It also provides a blueprint for reform, one that accepts rather than laments the role the President plays in shaping the national community, while also outlining strategies to curb the abuse of law enforcement authority in immigration and beyond.
Author: Chuck Collins
Publisher: John Wiley & Sons
ISBN: 1509543503
Category : Political Science
Languages : en
Pages : 240
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Book Description
For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defence Industry. These ‘agents of inequality’ are paid millions to hide trillions for the richest 0.01%. In this book, inequality expert Chuck Collins, who himself inherited a fortune, interviews the leading players and gives a unique insider account of how this industry is doing everything it can to create and entrench hereditary dynasties of wealth and power. He exposes the inner workings of these “agents of inequality”, showing how they deploy anonymous shell companies, family offices, offshore accounts, opaque trusts, and sham transactions to ensure the world’s richest pay next to no tax. He ends by outlining a robust set of policies that democratic nations can implement to shut down the Wealth Defence Industry for good. This shocking exposé of the insidious machinery of inequality is essential reading for anyone wanting the inside story of our age of plutocratic plunder and stashed cash.
Author: Keith D. Ewing
Publisher: Oxford [England] ; Clarendon Press
ISBN:
Category : Law
Languages : en
Pages : 280
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Book Description
Criticizing the electoral system is practically an American pastime. Are there any viable alternatives? Money, Politics, and Law is a study of electoral expenditure controls in Canada. Making frequent comparisons with the United States and Britain, it examines the background of electoral expenditure, the legislative control asserted on political parties, and the struggle arising from the potentially conflicting goals of equality enforced by fiscal control and the constitutional protection of liberty. This work will interest those involved with law and politics, as well as electoral law and civil liberties.
Author: David Fox
Publisher: Oxford University Press
ISBN: 0191059188
Category : Law
Languages : en
Pages : 1158
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Book Description
Monetary law is essential to the functioning of private transactions and international dealings by the state: nearly every legal transaction has a monetary aspect. Money in the Western Legal Tradition presents the first comprehensive analysis of Western monetary law, covering the civil law and Anglo-American common law legal systems from the High Middle Ages up to the middle of the 20th century. Weaving a detailed tapestry of the changing concepts of money and private transactions throughout the ages, the contributors investigate the special contribution made by legal scholars and practitioners to our understanding of money and the laws that govern it. Divided in five parts, the book begins with the coin currency of the Middle Ages, moving through the invention of nominalism in the early modern period to cashless payment and the rise of the banking system and paper money, then charting the progression to fiat money in the modern era. Each part commences with an overview of the monetary environment for the historical period written by an economic historian or numismatist. These are followed by chapters describing the legal doctrines of each period in civil and common law. Each section contains examples of contemporary litigation or statute law which engages with the distinctive issues affecting the monetary law of the period. This interdisciplinary approach reveals the distinctive conception of money prevalent in each period, which either facilitated or hampered the implementation of economic policy and the operation of private transactions.
Author: Lois G. Forer
Publisher: W. W. Norton
ISBN: 9780393303131
Category : Courts
Languages : en
Pages : 244
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Book Description
Documents the inequities introduced into the legal system because of the heavy expenses of lengthy trials and appeals and examines the dual structure of the legal profession that underlies this situation
