David Kauders
Sparkling Books
Why were economies sluggish before the Covid-19 pandemic arrived? Why have interest rates paid by businesses and households been rising even though deposit rates are nil? Does the policy of bailing out economies, now followed by most governments and central banks, bring any dangers?
The Financial System Limit 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 private sector debts already created.
The book challenges the existing academic and political consensus about how economies should be managed, putting forward the view that 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 a world in which private sector debt far exceeds public debt and carries a higher, rising, interest cost.
David Kauders FRSA is a British investment manager and an MBA alumnus of Cranfield School of Management.
AMBA members can enjoy a 33% discount on The Financial System Limit when purchasing a copy of the UK edition here (worldwide shipping available), or a copy of the US edition here (shipping to the US and Canada only), and using the following discount code at checkout: amba_fslimit
