DENVER, Sept. 1, 2010 — Money is important to a vibrant, sustainable economy, yet it doesn't grow on trees – or does it? That's just one of the questions addressed in The Coming Age of Freed Money (Rogem Press, 2010) by J. Moromisato (http://www.DenverPlan.com), a Denver-based writer, scientist, researcher and, now, candidate for the United States Senate. Moromisato, who has a doctorate in high energy physics and a master's in economics, has developed a fresh approach to economics in his new book, which likens an economy to an organism that's sustained and fortified by the circulation of money.
In The Coming Age of Freed Money, Moromisato explores traditional funding processes, business cycles, and the consequences of key fiscal behaviors in wealthy and poor countries alike. Deciphering complex causes behind the Industrial Revolution, financial bubbles, great recession and more, Moromisato solves what he calls critical, contemporary "economic mysteries."
"The Federal Reserve possesses the capacity to create unlimited amounts of money, as if it grows on trees, yet the economy is continually at the mercy of this dysfunctional system," Moromisato says. "The Coming Age of Freed Money proposes a new monetary system in which financial institutions would not be allowed to create money. Instead, they would be obliged to lend only funds borrowed from the Fed. Consequently, the Fed would then recover its exclusive power, constitutionally mandated, to create and control the flow of money/credit throughout the nation."
Moromisato's terms his solution "Freed Money," a new money technology that's based on a Full Reserve Lending (FRL) paradigm. An "organic solution," Freed Money applies to innumerable monetary systems in countries big and small, rich and poor, according to Moromisato. With FRL, banks may maintain a 100-percent reserve on all deposits, borrow all their lending funds from the Fed and continue holding assets.
In addition to outlining his new money technology in The Coming Age of Freed Money, Moromisato has incorporated his solution into "The Denver Plan" a comprehensive strategy to end unemployment. Moromisato will use this plan as his candidacy platform for U.S. Senator, running against Michael Bennet.
The Coming Age of Freed Money is available at Barnes & Noble and Amazon. For more information about Moromisato's candidacy, visit .
About J. Moromisato
Born in Lima, Peru, J. Moromisato immigrated to the United States in 1976 and became an American citizen in 1985. He has a doctorate in high energy physics and worked as teacher and researcher until December 2004. A few years before retiring, he returned to graduate school to obtain a master's in economics. A Denver resident, Moromisato is the author of The Origin of Wealth and Poverty (Rogem Press, 2007), The Condensed Denver Plan to End Unemployment (Rogem Press, 2010), and The Coming Age of Freed Money (Rogem Press, 2010).
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