Detlef Gloge: 3 books

Dollar bills may wear out, but they don’t disappear.So why can banks add trillions of new dollars to the existing ones without asking anybody’s permission?In this unique disclosure of the spoils of money creation, economist Detlef Gloge reveals how each dollar created by banks is...

It’s no secret that banks have a license to print money. Called counterfeiting in days of yore, it’s now termed printing money from thin air. The result is the same: banks debase the money in your pocket and become wealthy in the process. If you believe this activity is harmless, read...

Benjamin Franklin said of the U.S., “We issue our money in proper proportion to the demands of trade and industry.” Today, the stewards of our money tell us they must create more money because easier credit and money will lift people’s “animal spirits.” Is that what they think of our mental...