This title is firm sale. Please select carefully as returns are not accepted.
The Financial System Limit: The world's real debt problem
"Neither Keynes nor his disciples foresaw the eventual creation of unaffordable debt nearly a century later."
"One of the most fascinating books I've ever read" - NetGalley reviewer
Why were economies sluggish before the pandemic arrived? Why have interest rates paid by busin...esses and households been rising even though deposit rates are nil? Does the policy of bailing out economies bring any dangers?
In The Financial System Limit, investment manager David Kauders puts forward three radical theories which together provide the answers to these questions. These theories show that Keynesian economics has gradually turned from a benefit to society, into a damaging scheme. Other economic policies are also not addressing the fundamental problem, which is the world's inability to afford debts already created.
The author challenges the existing academic and political consensus about how economies should be managed. The old arguments about sound money versus stimulus, as well as contemporary arguments that governments controlling their own currency can create as much credit as they wish, are fundamentally inappropriate to the deflationary world that we are moving towards.
Whether you are a concerned individual, an academic, politician, banker or even a policymaker, read about a different view of the current financial orthodoxies, one that will provoke serious debate.
"Radical thinkers might have a point" was how the Financial Times described David Kauders' first book The Greatest Crash: How contradictory policies are sinking the global economy. This new book offers further original thought.
Printed editions of this book are available as follows:
-9781907230783 (Paperback) now in Australia, New Zealand and selected other countries
-9781907230769 (Hard cover) 24th May 2021 Worldwide except UK
-9781907230790 (Hard cover) 23rd August 2021 Worldwide except US
Full details for this title
|Library of Congress
||Economics: Professional & General
||General/trade;College/higher education;Professional and scholarly