The current tax code destroys wealth and diminishes wealth creation excessively, but it does not effectively tax wealth (in the sense of raising revenue). The FairTax would tax spending from wealth in addition to fostering more wealth creation.
Finance and the Good Society is a timely and on the whole persuasive reminder that the institutions of capitalism have the capacity to spread democracy, prosperity and greater equality.
A policy that makes fortunes for commodity traders, for hedge fund operators, for the gold and silver crowd while squeezing 90% of the nation is a terrible price to pay for replacing deflation with inflation.