Cycles of inflation and deflation : money, debt, and the 1990s
著者
書誌事項
Cycles of inflation and deflation : money, debt, and the 1990s
Praeger, 1992
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注記
Includes bibliographical references (p. [163]) and index
内容説明・目次
内容説明
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.
目次
Introduction Was the Gold Standard a Curse or a Blessing? Definitely! What Is Money? Cycles in Consumption and Credit Debt Was Our Most Important Product Big Brother Believes in Inflation Winds of Change Economyths Can Prices Really Fall? Making Deflation Work for Us You Can't Analyze an Irrational Subject If You Believe in Crystal Balls The Future Isn't What It Used to Be Investing in the Future Are Government Deficits Always Inflationary? How Much Control Does the Fed Really Have?
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