Monetary politics -- The blame game -- Creating the Federal Reserve -- Opening the act in the wake of the Depression -- Midcentury modern central banking -- The great inflation and the limits of independence -- The only game in town -- The myth of independence

"Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust. Far from being a burden on the taxpayer,...