The Economics of the Economy is my first book. I haven’t reached a formal publishing deal yet so I’m selling the book online for now so I can raise funds to improve this website and more importantly, to raise awareness of the treacherous economic conditions ahead.
“Treacherous” economic conditions ahead may sound a little hyperbolic, but this isn’t a marketing stunt. The economy really is headed for a disaster far worse than the 2008 Global Financial Crisis, and it will most likely unfold in the coming 18 months (by the end of 2018). This will be clear and quite obvious after you’ve read the book – I’ve posted the first three chapters here for FREE to give you a sneak preview.
Although the book focuses primarily on the US economy, the situation in most other developed nations is no better, and in some cases it’s much worse. Regardless, a significant deterioration of the US economy will drag the global economy into a simultaneous recession due to America’s share of global consumption, modern-day global supply chains and the systemic risk posed by the banking and financial system. That being said, I will cover data from other countries and regions in future blog posts.
All constructive comments and feedback about the concepts challenged in the book are most welcome. The views I express in The Economics of the Economy are in some cases my opinion or interpretation of everyday terms that, when redefined or re-contextualized, completely changes their implications for the economy. For example, the distinction between ‘money’ and ‘currency’, which I must credit to Mike Maloney’s brilliant series, The Hidden Secrets of Money, is a game changing revelation (or at least it was for me).
The economic implications of money versus currency is a recurring theme in the book where I examine the operation of a fixed monetary system versus a fiat currency system, and challenge conventional thinking about the need for an increasing money supply to support economic growth.
The real goal of my book and this site is to engage and encourage economists to challenge the academic rigidities that prevent liberal thinking and real solutions to the economic turbulence ahead. It’s time to stop thinking that fiscal and monetary solutions can fix economic issues that are fundamentally caused by structural deficiencies in the economy itself.