A More Imperfect Union : How Inequity, Debt, and Economics Undermine the American Dream

Online-Ressource (265 p)

Description based upon print version of record

1. Introduction; The Business Cycle; Poverty; Deflation; Overview of Text; 2. Money and Debt; Active and Idle Money; Expansion of the Money Supply; Debt Involvement; Fiat Money; 3. Income; Equation of Exchange; Velocity of Money; National Income; 4. Money Flows; Money-Flow Diagrams; Current Output Market; Noncurrent Output Market; Foreign Transactions; Financial Market; Government Sector; Money Creation; Depreciation and Intermediate Inputs; Composite of Flows; 5. Productivity; Growth in Productivity; Productivity in a Competitive Environment; Index; Bibliography; The Final Word

20. ConclusionSummary and Perspective; The Bubble Economy; Deflation Deterrents; Economy Adrift; Moving Forward; 19. Economic Theory; Interest Rates; Cost-Push Inflation; Multiple Follies; Stability; Debt Addiction; Fiat Money; 18. Poverty; Free Markets; Poverty; Government; Debt; Wage-Skill Considerations; New Direction; 17. Foreign Affairs; Competitive Pricing; Overpaid Labor and Capital; Monetary Expansion; Unbalanced Trade; Currency Reserves; Multinational Currencies; Caution and Study Warranted; 16. Debt and the Economic Cycle; Debt Creation and Servicing; Tight-Money Policy

The Short TermInternational Considerations; Generational-Funding Dilemma; Limited Government; Default and Collapse; Debtless Money; International Context; 15. Labor; Unemployment Causes; Wage Fluctuations; Distortions and Inequities; Wage Inequality; Minimum-Wage Rates; Inadequate Investment; Income Redistribution; Social Contract; Job Creation; 14. Fiscal Policy; Higher Income-Producing Flows; Keynesian Beliefs; Public and Private Debt; Monetary and Fiscal Policy; 13. Monetary Policy; Wealth Transfers; Open-Market Operations; International Transactions; Constant Money Supply

Price StabilizationAn Alternative; 12. Money Demand and Velocity; The Demand for Money; Comments on Money Demand Theory; Velocity and Debt; 11. Profits; Profits and Interest; Profits and Deflation; Legitimacy of Profits; Responses to Profit Growth; Capitalism and Free Markets; 10. The Rate of Interest; Events Following Money Supply Increase; A Fair Interest Rate; An Administered Rate of Interest; Money Supply and Inflation; Deflation; Liquidity-Preference Theory; Debt for Debt Servicing; 9. Investment and Economic Growth; Keynesian Theory; Capital Replacement; New Investment

Growth Undermined8. Government and Inflation; Taxes; Deficit Financing; Public Sector Spending; Regulation; Government Guarantees; 7. Saving, Savings, and Debt; Saving and Spending Flows; Intermediary Policies; Rate of Saving; Debt Expansion; 6. Cycles; Theory in Perspective; Hypothetical Events; Recent Experience; Response of the Government; Free Markets; Productivity in a Noncompetitive Environment; Hidden Inflation; Cost-Push Inflation; Monetary Expansion; Other Ramifications;

ECONIS - Online Catalogue of the ZBW