The End of Banking: Money, Credit, and the Digital Revolution - Paperback

The End of Banking: Money, Credit, and the Digital Revolution

In this thought-provoking book, Jonathan McMillan dissects banking to reveal its inner workings. He cuts through the complexity of modern finance and explains how banking almost crashed our financial system. Banking is broken, and McMillan reveals why we can no longer fix it. The digital revolution turns out to be the game changer that calls for the end of banking. But McMillan refrains from merely pointing out flaws. Building on economic research and a rigorous analytical approach, he goes on to provide an innovative blueprint for a modern financial system. The End of Banking transforms our understanding of the financial system. It identifies the root cause of today's problems with banking and presents a solution that stands out against existing reform proposals.

What You'll Learn

This book provides a rigorous analytical framework for understanding the fundamental flaws in modern banking systems. McMillan builds on economic research to explain how the financial crisis unfolded and why traditional reform approaches fall short. The analysis covers the relationship between money, credit, and digital innovation, offering readers a comprehensive view of how technology is reshaping financial infrastructure.

A Blueprint for Modern Finance

Beyond identifying problems, McMillan presents an innovative solution for rebuilding the financial system from the ground up. The book explores how digital currency and financial technology can replace outdated banking models with more stable, transparent alternatives. This forward-thinking approach positions the work as essential reading for anyone interested in the future of money and financial innovation.

For Professionals and Students

The End of Banking serves as both a critique and a roadmap, making it valuable for economics students, finance professionals, policymakers, and anyone seeking to understand the structural issues that led to financial instability. McMillan's clear explanations make complex economic theory accessible without sacrificing analytical rigor.