The Financial System Limit
The world's real debt burdenBy David Kauders
Length1h 51m
About this audiobook
The policy of bailing out every financial crisis with more credit is damaging society. British investment manager David Kauders FRSA puts forward three radical theories to explain why the global economy is stagnant.
Can the world really continue to stimulate its way out of every downturn? What happens to debt as central banks and governments buy prosperity?
In
The Financial System Limit, the author shows that Keynesian economics can no longer benefit society. He explains why debt cannot expand to infinity; then how debt interest is a cost to us all. The global economic cycle is now determined by central bank policies.
David Kauders FRSA is a British investment manager who has been concerned about the hidden social costs of easy money. This is his third book.
Read
The Financial System Limit to understand why banks keep failing and learn why financial and economic policies have to change. You will discover why debt reduction programs do not work.
Instead of reacting to the news stories of the day, join the challenge to the economic consensus by reading
The Financial System Limit.
Audiobook details
GenreBusiness and Economics
Length1 hr 51 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateJul 27, 2020
LanguageEnglish
Table of contents
1The world’s real debt burden
2OVERVIEW
3ABOUT THE AUTHOR
4BY THE SAME AUTHOR
5PUBLISHER’S NOTE
Show all chaptersShow less
6DEFINITIONS AND EXPLANATIONS
7Positive nominal interest rates
8Negative nominal interest rates
9Lower bound to interest rates
10Positive real interest rates
11Negative real interest rates
12Sound money
13Administered rates
14INTRODUCTION
15PART ONE
16THREE RADICAL THOUGHTS
171 THE FINANCIAL SYSTEM LIMIT: A logical proof
182 DEBT INTEREST IS A COST TO SOCIETY
19Estimating the cost of interest paid
20Examples of the scale of debt
21Where does all the interest go?
223 THE CENTRAL BANKING ECONOMIC CYCLE
23Traditional economic cycles
24The service industry capacity cycle
25Another change started with the 1987 crash
26PART TWO
27ACADEMIC THEORY AND CASE STUDIES
284 ACADEMIC THEORY
29Modern Monetary Theory
30Capital and income theory
31The limits of economic theory
32Inflation targets cause deflation: Redefining the misery index
335 TWO CASE STUDIES OF THE FINANCIAL SYSTEM LIMIT
34Puerto Rico
35Carillion
366 PENSIONS
37Defined benefit pension protection
38Pension investment
39PART THREE
40CAN THE WORLD ESCAPE ITS DEBT PROBLEM?
417 EXISTING IDEAS
42Fiscal policy
43Prevent banks creating credit
44Helicopter money
45Cancel both sides
46Liquidate assets
47Taxing wealth to pay down debt
48Debt to equity conversion
49Government debt
50Expanding Special Drawing Rights
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