"In The Power of Money, economist Paul Sheard distills what money is, how it comes into existence, and how it interacts with the real economy" --

"Former Federal Reserve Chair Ben S. Bernanke helps readers understand how the Federal Reserve, the steward of U.S. monetary policy, got to where it is today, what it has learned from the di

Ben S. Bernanke, former chair of the Federal Reserve and one of the world's leading economists, explains the Fed's evolution and speculates about its future. Taking a fresh look at the bank'

"The Great Devaluation is about the imminent and future failure of the global monetary system. Governments around the world have undertaken massive stimulus programs and printed trillions of

"From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to

"Our current economic path is coming to an end. Where we go when we reach this inflection point - toward renewed growth and prosperity, or toward increased malaise and financial chaos - is n

"The fundamental motive for financial innovation is not to make the system work better, but to avoid regulation and oversight. This is not a bug of the financial system, but a built-in featu

"The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilate

Central bankers have emerged from the financial crisis as the third great pillar of unelected power alongside the judiciary and the military. They pull the regulatory and financial levers of