Why we misunderstand the nature of money, and what we can do about it
This demand for an increase in financial literacy in left wing circles in order to more vigilantly interrogate the practices of major banks extends its argument to propose regulation of the banks for public good instead of private profit. This return from the author of "The Coming First World Debt Crisis", one of the few economists to predict the 2008 financial crisis, will appeal to readers of David Graeber and Gillian Tett.
“Ann Pettifor was always the ideal author of a book that shatters the fantasy of apolitical money and the toxic myth that monetary policy must remain a democracy-free zone. This book is now a reality.”
—Yanis Varoufakis, author of And the Weak Suffer What they Must?
“Pettifor has a splendidly clear vision, both of money creation and of the role of banks. There is a great deal to applaud here, including her critique of mainstream economic models, which continue to ignore money and banking or, alternatively, get that horribly wrong.”
—Charles Goodhart, Emeritus Professor, London School of Economics
“Pettifor’s new book aims to elucidate the nature of money, the better to help women advocate for their needs.”
—Maya Singer, Vogue “Ann deserves a lot of credit because she was trying to highlight these issues many, many years ago, and unfortunately, there weren’t enough people who were trying to map the system, model it, and then above all else, modify it. We have to map the financial system and then work out how to change it.”
—Gillian Tett, author of The Silo Effect
“Our livelihoods and ecosystem are deeply affected by the world of money production and finance. But it’s a world largely hidden from us by vested interests. In language we can all understand, Ann Pettifor explains the issues and the debates around money, shadow banking, QE and ‘helicopter money.’ A must-read.”
—Caroline Lucas, Co-Leader of The Green Party of England and Wales
“Coolly authoritative, soberly trenchant, unexpectedly compelling, Ann Pettifor’s book is vital in both senses, important and full of life.”
—Zoe Williams, Guardian
