Frederick Kaufman’s new book dives into the history of money and gives unorthodox insight into Wall Street.
- Kaufman takes his readers through the earliest history of money to the present day and asks them to consider what real power money holds in his book The Money Plot.
- Cash has an unparalleled power to control a person, and Kaufman asks where that power comes from.
- Through history, Kaufman pulls on the threads of how money and power rule the world.
Why it’s news
Kaufman looks at economic inequality and suggests that the root of it is found in structures that people have designed. Similarly, Kaufman contends that money itself is merely a tool with no real backing.
These economic boundaries, Kaufman argues, are established by the 1% in an effort to keep power and place a greater divide between those that have money and those who do not.
Finally, Kaufman warns that his readers should recognize the game those with money are playing in order to avoid becoming another tool in a much larger plan.
Kaufman is an English professor and has published multiple essays and articles on Wall Street and his view of the monetary system. He has been published in Scientific American, Wired, Foreign Policy, and Harper’s. He has also made television appearances on NBC, Bloomberg, Fox Business.
He is also a sought after lecturer in both the U.S. and Europe. He has written Bet the Farm and A Short History of the American Stomach.
The Money Plot was published by Other Press in November 2022.