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The Death of Money:
How the Electronic Economy Has Destablized
the World's Markets and Created Financial Chaos
by Joel Kurtzman
Buy NowAbout the Book
Money - in the traditional sense - no longer exists. It died two decades ago when Richard Nixon forever abolished the gold standard. Since then, money as we once knew it has been replaced by an unstable new global medium of exchange that Joel Kurtzman calls "megabyte money." Nothing more than blips on a screen, "1's" and "0's" of the computer's code moving instantly along electronic highways, megabyte money is a threat not only to our country's long-term growth and prosperity, but to the individual as well.
This strange new world is far more volitile and chaotic chan anything that has preceded it; it involves no goods, services, or raw materials, but speculation, "weightless dollars," and transactions made purely for financial gain. Kurtzman also explains:
- Why the stock market crash on October 19, 1987, was not an anomaly and why why we should expect more such crashes.
- How we can regain the balance between the "money economy" and the "real economy."
- Why America must re-create an environment of stability, one in which it is rational, not reckless, to be a long-term investor.
The Death of Money is an urgent appeal for mechanisms to regulate this "new world economic order" run amok and a much-needed prescription for pringing our economy under control.
REVIEW
"An eye opening analysis of how the speed and power of computers - and the people who contro them - are reshaping the global economy. The Death of Money is a powerful warning to business leaders, government policy-makers, and investors to shed outmoded economic theories and recognize the new elctronic reality."
- Rosabeth M. Kanter, Harvard Business School