Overview

In Making Money Work: How to Rewrite the Rules of Our Financial System, Matt Sekerke and Steve H. Hanke deliver a rigorous and fascinating exploration of the monetary economy. You'll find a detailed and clear roadmap of how and why fiat money is created and destroyed, its connections to the broader economy, and the objective mechanisms that underwrite and maintain its value. In their exploration, Sekerke and Hanke solve many problems and puzzles and shed light on several important questions: ● Why economists misunderstand the structure and function of the monetary system ● The central role of the commercial banking system in fiat money regimes, and why commercial banks are not like other financial intermediaries ● The economic and regulatory constraints on bank money creation ● How the ""banks"" that dominate the international financial landscape distort the lines between banking and capital markets business Sekerke and Hanke also trace important post-crisis policy developments and sketch the broad strokes of a new operating model that would restore the performance of the monetary system and make better use of aggregate savings.

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Steve H. Hanke is a professor of applied economics and founder and codirector of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University. Hanke has served as an advisor to governments and heads of state in Europe, South America, and Asia. Currently, he serves as chairman of the Supervisory Board of AMG Critical Materials in Amsterdam. He is coauthor of Capital, Interest, and Waiting with Leland B. Yeager. Matt Sekerke is a managing director at SEDA Experts, senior macro advisor at Hiddenite Capital Partners, a fellow at the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University, and a visiting fellow in the Department of Finance at Durham University Business School. He is the author of Bayesian Risk Management. John Patrick Walsh is an experienced on-screen, theatre, and voiceover actor as well as an audiobook narrator. He studied improv in Los Angeles while performing in several plays, including Ethos Theatre Company's production of Hamlet, in which he appeared as the Player King. His television roles began with General Hospital, and he has narrated a wide variety of audiobooks, including being part of the full cast for Phil Mickelson's bestselling sports memoir One Magical Sunday. John Patrick Walsh is an experienced on-screen, theatre, and voiceover actor as well as an audiobook narrator. He studied improv in Los Angeles while performing in several plays, including Ethos Theatre Company's production of Hamlet, in which he appeared as the Player King. His television roles began with General Hospital, and he has narrated a wide variety of audiobooks, including being part of the full cast for Phil Mickelson's bestselling sports memoir One Magical Sunday.

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