Foreword I
Something is terribly wrong with the American (and World) economy. The evidence of this is becoming more apparent every day.
People have come to accept as normal, a "little" inflation (especially if they have enough bargaining power to stay ahead of it), or a "little" unemployment (especially if it is someone else who is unemployed). People have been led to believe that inflation and unemployment are inevitable and unavoidable accidents of nature, and that we have no choice but to trade off one against the other.
But as the economy grinds down, and inflation becomes more than a "little"; more of us lose our jobs and work becomes harder to find, Americans in greater numbers have begun to question the myths. The cry of indignation becomes louder—"Why is this happening? Who is to blame?".
This book goes a long way toward clarifying the nature of the problem and identifying the root causes, showing that inflation is no accident and that the money system is controlled by a few individuals with limited accountability. It is an excellent primer on Money and Banking—one which gives a clearer (and more honest) picture of the system than the typical college text book.
Henry Ford is quoted as having said, "If people knew the truth about money there would be a revolution before morning". This book tells the truth about money.
Professor Thomas H. Greco, Jr. [p. ii]
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