Publisher's Synopsis
An abundance of stimulating, original ideas await readers who appreciate books at the intersection of politics and economics. One of many such new ideas in Lawrence Marsh's important book, Money Flow in a Dynamic Economy, is creating Federal Reserve Bank accounts, called FedAccounts, for everyone with a Social Security number. By reissuing the Postal Savings Act of 1910, Congress could provide the Federal Reserve with a new return-on-savings tool to encourage savings and suppress demand when too much money is chasing too few goods causing excessive inflation. For over 50 years from 1911 to 1966 Americans could go to any post office to cash a check of set up a savings account. Getting people to save more and spend less can stop inflation without sending our economy into an unnecessary recession.
