The 7 Deadly Innocent Frauds of Economic Policy (MMT - Modern Monetary Theory Book 2)
Genre: Kindle Edition
Author: Warren Mosler
Price: £0.00
The Author has been called "one of the smartest men in finance." CNBC 2010
* "Innocent Frauds" is a term that noted economist Kenneth Galbraith coined in his book, The Economics of Innocent Fraud, to describe frauds inherent in corporate dominated economic life - some innocent and some less so.
* It was not based in legal terms, but on what he saw as a divergence between "approved belief" and "what was reality".
* Galbraith's book was published 5 years before The Matrix movie. The Matrix explored the concepts of discovering the reality/truth versus the approved indoctrinated belief.
* Warren Mosler, called by many as the "Morpheus of Modern Money", explains in this book seven major economic "Innocent Frauds" that will shock you, because it will challenge everything that you have learnt and read about economics.
* For example, the notion that deficits are bad for the economy and the population, when in fact close examination reveals that government deficits are private sector savings, to the penny. Also taxes are not needed to support deficits.
* Click on the book cover and read the Introduction. Take the "red pill" and journey down the rabbit hole and find out the truth about money, deficits and monetary policy.
* Once you discover the truth, you will feel empowered, freed forever from deficit mythology and fear-mongering. THE TRUTH OF OUR TIME.
Some of what you will learn in the rabbit hole is that:
* "Innocent Frauds" is a term that noted economist Kenneth Galbraith coined in his book, The Economics of Innocent Fraud, to describe frauds inherent in corporate dominated economic life - some innocent and some less so.
* It was not based in legal terms, but on what he saw as a divergence between "approved belief" and "what was reality".
* Galbraith's book was published 5 years before The Matrix movie. The Matrix explored the concepts of discovering the reality/truth versus the approved indoctrinated belief.
* Warren Mosler, called by many as the "Morpheus of Modern Money", explains in this book seven major economic "Innocent Frauds" that will shock you, because it will challenge everything that you have learnt and read about economics.
* For example, the notion that deficits are bad for the economy and the population, when in fact close examination reveals that government deficits are private sector savings, to the penny. Also taxes are not needed to support deficits.
* Click on the book cover and read the Introduction. Take the "red pill" and journey down the rabbit hole and find out the truth about money, deficits and monetary policy.
* Once you discover the truth, you will feel empowered, freed forever from deficit mythology and fear-mongering. THE TRUTH OF OUR TIME.
Some of what you will learn in the rabbit hole is that:
- The U.S can never go bankrupt unless that is what congress decides to do. It can never fail to make social security payments or any other type of payment in its own currency.
- The government does not need to raise taxes nor borrow to spend, as spending is revenue neutral. In fact, the government has to spend before it can or borrow.
- Deficits are not a Freddy Krueger that murders the economy and steals its money.
- Because deficits = private sector savings to the penny, deficits do not take money away from entrepreneurs and the private sector.