The Power of Money by Paul Sheard

Description

The Power of Money: How Governments and Banks Create Money and Help Us All Prosper” by Paul Sheard, vice chairman of S&P Global. Very comprehensive is the book in describing the whole ways money functions under the modern economy.

Overview:
Title and Author: The Power of Money: How Governments and Banks Create Money and Help Us All Prosper by Paul Sheard.

Genre/Category: Economics, Finance, Monetary Policy.

Core Idea:

Sheard clarifies the concept and role of money in the modern global economy. He seems to argue that money is not just a medium of exchange but will be used aggressively by governments and central banks in the pursuit of growth, inflation management, and financial stability. He therefore explains how modern economies rely on interaction between government policies and banking systems to produce, distribute, and regulate money.