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Jimmy Stewart Is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking




Jimmy Stewart Is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking

Laurence J. Kotlikoff

ISBN: 978-0-470-60901-9 February 2010 272 Pages


Discover how the global financial plague is poised to return, and what can be done to stop it

This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead. And so is his small-town bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever larger craps with our economy and our tax dollars.

This book, written by one of the world's most respected economist, describes in lively, humorous, simple, but also deadly serious terms the big con underlying the big game?the web of interconnected financial, political, and regulatory malfeasance that culminated in financial meltdown and brought us to our economic knees. But it also proposes an amazingly simply solution?Limited Purpose Banking to make Wall Street safe for Main Street.

  • This book, as well as the financial fix described within it, have received rave reviews from a veritable who's who of policymakers and economics, plus five economics Nobel Laureates
  • Written by a leading economist whose insights on this topic are unparalleled
  • Outlines the first and only proposal to fundamentally fix our financial disaster for good

Jimmy Stewart Is Dead will fundamentally change the way you think about the economy, financial markets, and the government.

Foreword by Jeffrey Sachs.



Chapter 1. It’s a Horrible Mess.

Chapter 2. The Big Con: Financial Malfeasance, American Style.

Chapter 3. Uncle Sam’s Dangerous Medicine.

Chapter 4. “This Sucker Could Go Down”.

Chapter 5. Limited Purpose Banking.

Chapter 6. Getting from Here to There.

Chapter 7. What About?

Chapter 8. Conclusion.

Afterword. Fixing the Rest of Our Economic Mess.


About the Author.