Name: Cycles of Inflation and Deflation: Money, Debt, and the 1990S (en Inglés)
Price: 151370.00 CLP
Availability: InStock
Author: G. Leigh Skene
ISBN: 9780275944254

portada Cycles of Inflation and Deflation: Money, Debt, and the 1990S (en Inglés)

Formato

Libro Físico

Editorial

Praeger

Autor

G. Leigh Skene

Año

1992

Idioma

Inglés

N° páginas

178

Encuadernación

Tapa Dura

ISBN

0275944255

ISBN13

9780275944254

Categorías

Economía monetaria

Cycles of Inflation and Deflation: Money, Debt, and the 1990S (en Inglés)

G. Leigh Skene (Autor) · Praeger · Tapa Dura

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Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "Cycles of Inflation and Deflation: Money, Debt, and the 1990S (en Inglés)"

This work examines the role money and debt play in our economy. It shows why we went from the gold standard to fiat money, why that led to increasing inflation up to 1980, and why inflation has receded since 1980. In addition, it explains how today's economic problems arose, why governments cannot solve those problems, and where those problems will lead us. Challenging conventional wisdom, the author suggests that high real interest rates in the 1980s reduced business' ability to profit by expanding productive capacity and reduced the attractiveness of borrowing for consumption. The resulting drive to buy assets instead, such as stocks and real estate, caused rapidly rising prices in those areas. The author foresees a depression resulting from these economic forces--one which governments will be unable to prevent.This work is unique for it neither espouses any theory nor uses inductive or deductive reasoning; rather, it observes. Its observations of how economic sectors, central banks, governments, business, and consumers can and do use money and debt are trenchant and alarming.