Description

MONEY MAKES THE WORLD GO ROUND - UNTIL IT DOESN''T

Bankers blunder, governments turn a blind eye and investors just get it plain wrong. But what if there''s something else lurking behind all our great recessions and depressions, something operating in the shadows that makes our bubbles bigger and our crashes more catastrophic? Something so familiar and ubiquitous that we hardly ever think of its effects - even when it''s under our very nose.

What if it''s money?

Our modern system of money is a marvel, enabling complex trade and economic growth on a scale never known before. But money also carries a fatal flaw: it can be hoarded forever, and whenever we hoard we depress spending and distort interest rates. The result is a dreaded sequence of boom-and-bust that we know as the business cycle, an endless swing from unemployment to inflation and back again.

But it doesn''t have to be this way.

ONE-MONTH MONEY begins as an eye-opening demonstration of ho

OneMonth Money Why Money Ruins Our Economy and How Reinventing it Could End Unemployment and Inflation Forever

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Hardback by Oliver Davies

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MONEY MAKES THE WORLD GO ROUND - UNTIL IT DOESN''TBankers blunder, governments turn a blind eye and investors just get... Read more

    Publisher: Harriman House Publishing
    Publication Date: 11/3/2014
    ISBN13: 9780857194268, 978-0857194268
    ISBN10: 0857194267

    Non Fiction , Business, Finance & Law

    Description

    MONEY MAKES THE WORLD GO ROUND - UNTIL IT DOESN''T

    Bankers blunder, governments turn a blind eye and investors just get it plain wrong. But what if there''s something else lurking behind all our great recessions and depressions, something operating in the shadows that makes our bubbles bigger and our crashes more catastrophic? Something so familiar and ubiquitous that we hardly ever think of its effects - even when it''s under our very nose.

    What if it''s money?

    Our modern system of money is a marvel, enabling complex trade and economic growth on a scale never known before. But money also carries a fatal flaw: it can be hoarded forever, and whenever we hoard we depress spending and distort interest rates. The result is a dreaded sequence of boom-and-bust that we know as the business cycle, an endless swing from unemployment to inflation and back again.

    But it doesn''t have to be this way.

    ONE-MONTH MONEY begins as an eye-opening demonstration of ho

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