"The Money Problem" highlights the role of non-insured, defaultable money equivalents as being at the root of financial panics. It suggests reforms that would establish a banking system similar to today's fractional reserve banking model, but panic-proofed and with much less regulation than is...

'Jane D'Arista is one of those towering figures who thinks way ahead of the conventional understandings. A generation ago she recognized the distorted architecture of finance and banking and described in lucid detail the reform agenda for restoring a stable and equitable system. Written in the...