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
284 ACADEMIC THEORY
2OVERVIEW
29Modern Monetary Theory
3ABOUT THE AUTHOR
30Capital and income theory
4BY THE SAME AUTHOR
31The limits of economic theory
5PUBLISHER’S NOTE
32Inflation targets cause deflation: Redefining the misery index
Show all chaptersShow less
6DEFINITIONS AND EXPLANATIONS
335 TWO CASE STUDIES OF THE FINANCIAL SYSTEM LIMIT
7Positive nominal interest rates
34Puerto Rico
8Negative nominal interest rates
35Carillion
9Lower bound to interest rates
366 PENSIONS
10Positive real interest rates
37Defined benefit pension protection
11Negative real interest rates
38Pension investment
12Sound money
39PART THREE
13Administered rates
40CAN THE WORLD ESCAPE ITS DEBT PROBLEM?
14INTRODUCTION
417 EXISTING IDEAS
15PART ONE
42Fiscal policy
16THREE RADICAL THOUGHTS
43Prevent banks creating credit
171 THE FINANCIAL SYSTEM LIMIT: A logical proof
44Helicopter money
182 DEBT INTEREST IS A COST TO SOCIETY
45Cancel both sides
19Estimating the cost of interest paid
46Liquidate assets
20Examples of the scale of debt
47Taxing wealth to pay down debt
21Where does all the interest go?
48Debt to equity conversion
223 THE CENTRAL BANKING ECONOMIC CYCLE
49Government debt
23Traditional economic cycles
50Expanding Special Drawing Rights
24The service industry capacity cycle
51Abandon stimulus
25Another change started with the 1987 crash
52NONE OF THE ‘IDEAS’ CAN WORK
26PART TWO
538 TACKLING THE COST OF INTEREST TO SOCIETY
27ACADEMIC THEORY AND CASE STUDIES
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