Seven Deadly Innocent Frauds of Economic Policy
Title | Seven Deadly Innocent Frauds of Economic Policy PDF eBook |
Author | Warren Mosler |
Publisher | Davin Patton |
Pages | 63 |
Release | 2010 |
Genre | United States |
ISBN | 0692009590 |
"Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.
Seven Deadly Innocent Frauds of Economic Policy
Title | Seven Deadly Innocent Frauds of Economic Policy PDF eBook |
Author | |
Publisher | Davin Patton |
Pages | 64 |
Release | |
Genre | |
ISBN |
Soft Currency Economics II
Title | Soft Currency Economics II PDF eBook |
Author | Warren Mosler |
Publisher | Createspace Independent Pub |
Pages | 94 |
Release | 2013-03-11 |
Genre | Business & Economics |
ISBN | 9781482735437 |
Soft Currency Economics is the little book that could logically, in both real and nominal terms, legitimately challenge many of the core held beliefs of the mainstream classical and neo-classical schools of economics. It is a corner stone publication for the new, widely popular fresh approach to economics that has come to be called Modern Monetary Theory (MMT). It explains with actual facts, not theory, and with non-technical language, the true operational realities of our monetary system (central banks and private banks). The author, a 40 year 'insider' in monetary operations, and a very successful fixed income hedge fund manager, wrote this book in 1993 after witnessing the markets drastically discount sovereign debt on the errant belief that market forces could force nations into default on debt payable in their own currency, and that austerity was the only solution. This was contrary to the author's understanding of what are called fiat currencies, where governments always have the ability to meet all obligations in a timely manner. As a result of this experience, the author took up the task of educating government officials on how the monetary system operated with the hope that with this understanding they would be free to ensure that the government acted for the public purpose and achieved their stated goals of full employment and price stability. Initially published in 1993, this book will utterly convince many readers that what they thought they knew about monetary policy is wrong. The book describes: what is money; why debt monetization and the money multiplier are myths; how fiscal and monetary policy can be used effectuate full employment; deficits do not cause countries to default on their debt unless that is the decision.
Six Myths that Hold Back America
Title | Six Myths that Hold Back America PDF eBook |
Author | Frank N. Newman |
Publisher | Diversion Books |
Pages | 106 |
Release | 2011-11-23 |
Genre | Business & Economics |
ISBN | 0983988501 |
Why is China booming while the American economy lags? Despite a globally challenging economic environment, production in China has grown by an astounding 7% to 14% a year, every year, for the past 20 years. America’s GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even a tepid 3% growth. Why should this be? Over time, economic thought and attitudes in the U.S. and other Western nations increasingly diverged from the underlying views in China, and significant contrasts developed. This book analyzes several key statements of “accepted” economic views in the U.S., to determine which have real basis in the U.S. financial system, and which are really just myths. The six myths: Asian nations are bankrolling the U.S. Treasury issued securities crowd out the private sector If everyone tries to save more, the nation will save more, and investment, GDP, and employment will increase If the government reduces the deficit, then national saving and investment will increase Today’s deficits create great burdens of tax for our childrer If the U.S. does not get its deficit reduced soon, treasuries will face the same problems as Greece and Ireland
Understanding Modern Money
Title | Understanding Modern Money PDF eBook |
Author | L. Randall Wray |
Publisher | Edward Elgar Publishing |
Pages | 0 |
Release | 2006 |
Genre | Economic stabilization |
ISBN | 9781845429416 |
'Understanding Modern Money' exposes flaws in the foundations of mainstream macroeconomics and suggests a better way to formulate policy that will benefit everyone living in capitalistic societies.
Soft Currency Economics
Title | Soft Currency Economics PDF eBook |
Author | Warren Mosler |
Publisher | |
Pages | 35 |
Release | 1995 |
Genre | Budget deficits |
ISBN |
Modern Money Theory
Title | Modern Money Theory PDF eBook |
Author | L. Randall Wray |
Publisher | Springer |
Pages | 322 |
Release | 2015-09-22 |
Genre | Business & Economics |
ISBN | 1137539925 |
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.