With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand.The Fed acts through its Open Markets Desk, which sits at the heart of the global financial system as the world's ultimate and limitless provider of dollars. On behalf of policy makers, the Desk gathers market intelligence from all the major market participants, sifts through reams of internal data, and works behind the scenes keep the financial system intact. It is responsible for all of the Fed's market operations, from trillions in quantitative easing to hundreds of billions in repo and FX-swap loans. The financial crises of 2008 and 2020 abated only through the emergency interventions of the Desk.Joseph Wang spent five years studying the monetary system as a trader on the Desk. From that vantage point, Joseph saw firsthand how the Fed operates and how the financial system really works. This book is a distillation of his experience that aims to educate and demystify. After reading this book, you will understand how money is created, how the global dollar system is structured, and how it all fits into the broader financial system.The views in this book do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System.

    From Donald Trump's "America First" politics to Brexit to the rise of the right in Europe, events have forced a crucial debate: Should we fight for international government? Or should the world's nations keep their independence and self-determination? In The Virtue of Nationalism, Yoram Hazony contends that a world of sovereign nations is the only option for those who care about personal and collective freedom. He recounts how, beginning in the sixteenth century, English, Dutch, and American Protestants revived the Old Testament's love of national independence, and shows how their vision eventually brought freedom to peoples from Poland to India, Israel to Ethiopia. It is this tradition we must restore, he argues, if we want to limit conflict and hate -- and allow human difference and innovation to flourish.

    We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

    A very pleasant and creative work.” ―Dr. Larry Sanger, ex-founder of Wikipedia Economy of Truth is a collection of practical maxims and reflections either designed through clever artwork or in the form of writing only.In an enjoyable and impactful manner, Vizi Andrei aims to challenge our long-held beliefs about art, education, courage, progress, happiness, intelligence, and creativity. Readers who come to this book expecting practical guidance will not be disappointed, but they will be delighted to see that such guidance is being delivered rather artistically―via short stories that read like modern poetry, beautifully accompanied by vivid illustrations. The wisdom this book permeates with comes from figures such as Seneca, Marcus Aurelius, Epictetus, Confucius, Epicurus, Antisthenes, Ludwig Wittgenstein, Michel de Montaigne, Emil Cioran, Leo Tolstoy, Mircea Eliade, Fyodor Dostoyevsky, Gilbert Keith Chesterton, Friedrich Nietzsche, Blaise Pascal, Arthur Schopenhauer, Luc de Clapiers but also Carlo M. Cipolla, Umberto Eco, Nassim Nicholas Taleb, Alain de Botton, Rory Sutherland, or Naval Ravikant.“An urgent book ... Vizi's work is bursting with many irreverent lessons ready to help you remove the chains of modernity. This book will sharpen your thinking and help you gain clarity on a variety of crucial topics.” ―Ruben Chavez, founder of ThinkGrowProsper “A well-reasoned collection of meditations ... They will contagiously make you think!” ―Luca Dellanna, author of Operational Excellence “Written in a quaint voice, this book charms the reader―mixing just the right amount of reflective self-awareness with cutting insight. For those who consider musings of great import, a pleasant stroll through Economy of Truth would be time well-spent.” ―Jack Peach, teacher and traveler

    economy has become dependent on financial activities has been made abundantly clear. In "Capitalizing on Crisis," Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation.Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state's attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979.Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.

    Through such examples he pinpoints the inability of contemporary capitalism to effectively safeguard the public in times of crisis.Writing with characteristic daring and zeal, Žižek ranges across critical theory, pop-culture, and psychoanalysis to reveal the troubling dynamics of knowledge and power emerging in these viral times.

    Advancements in technology and frenzied development have created the world’s largest energy project in Fort McMurray where, rather than shooting up like a fountain in the deserts of Saudi Arabia, the sticky bitumen is extracted from the earth. Providing almost 20 percent of America’s fuel, much of this dirty oil is being processed in refineries in the Midwest. This out-of-control megaproject is polluting the air, poisoning the water, and destroying boreal forest at a rate almost too rapid to be imagined. In this hard-hitting book, journalist Andrew Nikiforuk exposes the disastrous environmental, social, and political costs of the tar sands and argues forcefully for change.

    But far more people die from gun deaths on the street corners of inner city America and across the border as Mexico's powerful cartels battle to control the drug trade. Guns and drugs aren't often connected in our heated discussions of gun control-but they should be. In Ioan Grillo's groundbreaking new work of investigative journalism, he shows us this connection by following the market for guns in the Americas and how it has made the continent the most murderous on earth.Grillo travels to gun manufacturers, strolls the aisles of gun shows and gun shops, talks to FBI agents who have infiltrated biker gangs, hangs out on Baltimore street corners, and visits the ATF gun tracing center in West Virginia. Along the way, he details the many ways that legal guns can cross over into the black market and into the hands of criminals, fueling violence here and south of the border. Simple legislative measures would help close these loopholes, but America's powerful gun lobby is uncompromising in its defense of the hallowed Second Amendment. Perhaps, however, if guns were seen not as symbols of freedom, but as key accessories in our epidemics of addiction, the conversation would shift. Blood Gun Money is that conversation shifter.

    By fully embracing and practicing this principle of interconnectedness—called interbeing—we become more effective agents of change and have a stronger positive influence on the world.Throughout the book, Eisenstein relates real-life stories showing how small, individual acts of courage, kindness, and self-trust can change our culture’s guiding narrative of separation, which, he shows, has generated the present planetary crisis. He brings to conscious awareness a deep wisdom we all innately know: until we get our selves in order, any action we take—no matter how good our intentions—will ultimately be wrongheaded and wronghearted. Above all, Eisenstein invites us to embrace a radically different understanding of cause and effect, sounding a clarion call to surrender our old worldview of separation, so that we can finally create the more beautiful world our hearts know is possible.With chapters covering separation, interbeing, despair, hope, pain, pleasure, consciousness, and many more, the book invites us to let the old Story of Separation fall away so that we can stand firmly in a Story of Interbeing.

    Written by an author of great repute. The history of the 20th century is Marx's legacy. Not since Jesus Christ has an obscure pauper inspired such global devotion – or been so calamitously misinterpreted. The end of the century is a good moment to strip away the mythology and try to rediscover Marx the man. There have been many thousands of books on Marxism, but almost all are written by academics and zealots for whom it is a near blaspemy to treat him as a figure of flesh and blood.In the past few years there have been excellent and successful biographies of many eminent Victorians and yet the most influential of them has remained untouched. In this book Francis Wheen, for the first time, presens Marx the man in all his brilliance and frailty – as a poverty-stricken Prussian emigre who became a middle-class English gentleman; as an angry agitator who spent much of his adult life in scholarly silence in the British Museum Reading Room; as a gregarious and convivial host who fell out with almost all his friends; as a devoted family man who impregnated his housemaid; as a deeply earnest philosopher who loved drink, cigars and jokes.

    Jonathan Wolff looks at the works of Plato, Hobbes, Locke, Rousseau, Mill, Marx, and Rawls (among others), examining how the debates between philosophers have developed, and searching for possible answers to these provocative questions. His final chapter looks at more recent issues, particularly feminist political theory.

    Observers declared the end of history, confident in a peaceful, globalized future. But we now know this to be premature. Authoritarianism first returned in Russia, as Putin developed a political system dedicated solely to the consolidation and exercise of power. In the last six years, it has creeped from east to west as nationalism inflames Europe, abetted by Russian propaganda and cyberwarfare. While countries like Poland and Hungary have made hard turns towards authoritarianism, the electoral upsets of 2016 revealed the citizens of the US and UK in revolt against their countries' longstanding policies and values.But this threat to the West also presents an opportunity to better understand the pillars of our own political order. In this forceful and unsparing work of contemporary history, Snyder goes beyond the headlines to expose the true nature of the threat to democracy. By showcasing the stark choices before us--between equality or oligarchy, individuality or totality, truth and falsehood--Snyder restores our understanding of the basis of our way of life, offering a way forward in a time of terrible uncertainty.

    A brilliant and insightful work that examines the insecurities of the middle class in an attempt to explain its turn to the right during the past two decades, "Fear of Falling" traces the myths about the middle class to their roots in the ambitions and anxieties that torment the group and that have led to its retreat from a responsible leadership role.

    He shows why successful nations embrace robots and immigrants, prefer democratic leaders to autocrats, elect charismatic reformers over technocrats, and pay no mind to the debate about big versus small government. He explains why rising stock prices matter as much or more than food prices, which measure of debt is the best predictor of economic crises, and why no one number can accurately capture the value of a currency. He also demonstrates how a close reading of the Forbes billionaire lists can offer the clearest real-time warning of populist revolts against the wealthy.Updated with brand-new data, 10 Rules reimagines economics as a practical art, giving general readers as well as political and business leaders a quick guide to the most important forces that shape a nation’s future.

    . . has concentrated into 176 pages a profoundly affecting argument" (Business Week) that draws on interviews with dismissed IBM executives, bakers, a bartender turned advertising executive, and many others to call into question the terms of our new economy. In his 1972 classic, The Hidden Injuries of Class (written with Jonathan Cobb), Sennett interviewed a man he called Enrico, a hardworking janitor whose life was structured by a union pay schedule and given meaning by his sacrifices for the future. In this new book-a #1 bestseller in Germany-Sennett explores the contemporary scene characterized by Enrico's son, Rico, whose life is more materially successful, yet whose work lacks long-term commitments or loyalties. Distinguished by Sennett's "combination of broad historical and literary learning and a reporter's willingness to walk into a store or factory [and] strike up a conversation" (New York Times Book Review), this book "challenges the reader to decide whether the flexibility of modern capitalism . . . is merely a fresh form of oppression" (Publishers Weekly, starred review). Praise for The Corrosion of Character: "A benchmark for our time."—Daniel Bell "[A]n incredibly insightful book."—William Julius Wilson "[A] remarkable synthesis of acute empirical observation and serious moral reflection."—Richard Rorty "[Sennett] offers abundant fresh insights . . . illuminated by his concern with people's struggle to give meaning to their lives."—[Memphis] Commercial Appeal