Introduction -- Part I: Modern money. What money is based on--viz., "nothing" ; Spending from nothing ; Promising from nothing ; Democracy's dollar -- Part II: The money contract. A very (very) brief history of finance--i.e., civilization ; Why money cannot be printed ; What we owe each other --...

Eight years out from the Great Crash of 2008-09, the recovering American and global economies continue to recover at best slowly. The “Great Delevering” that many prescribed or predicted as a prerequisite to real recovery has to some extent occurred, yet this levering-down has, ironically,...