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[C685.Ebook] Ebook Download Monetary Central Planning and the State, by Richard Ebeling

Ebook Download Monetary Central Planning and the State, by Richard Ebeling

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Monetary Central Planning and the State, by Richard Ebeling

Monetary Central Planning and the State, by Richard Ebeling



Monetary Central Planning and the State, by Richard Ebeling

Ebook Download Monetary Central Planning and the State, by Richard Ebeling

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Monetary Central Planning and the State, by Richard Ebeling

For over a decade now, the American economy has been on a rollercoaster — an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery from 2009 until the present.

The recession of 2008–2009 had its origin in years of monetary mismanagement by the Federal Reserve System and misguided economic policies emanating from Washington, DC. For the five years between 2003 and 2008, the Federal Reserve flooded the financial markets with a huge amount of money, increasing the total amount in the economy by 50 percent or more by some measures.

Many of the rationales for this “activist” monetary and fiscal policy emerged and took form under the cover of the emerging Keynesian revolution as first presented by British economist John Maynard Keynes. Monetary Central Planning and the State offers a detailed critique of the fundamental premises of Keynesian economics, and why its policy prescriptions in fact lead to the very boom-bust cycle the Keynesians claim to want to prevent.

This book also explains a powerful alternative theory of money and the business cycle, called "Austrian economics."

This is the pathway to finally ending the cycles of booms and busts, and creating a market-based institutional framework for sustainable economic growth and betterment.

It is time for monetary freedom to replace the out-of-date belief in government monetary central planning.

  • Sales Rank: #351621 in eBooks
  • Published on: 2015-09-29
  • Released on: 2015-09-29
  • Format: Kindle eBook

Most helpful customer reviews

3 of 3 people found the following review helpful.
Absolute Best Primer on Monetary Policy & Austrian Business Cycle Theory
By Eric H
I've been a huge fan of this work since it was just a series of articles posted on the Internet. The compilation into an ebook makes this extremely accessible writing even more accessible.

Richard Ebeling does an amazing job of compiling and distilling an explanation of the primary issues surrounding monetary central planning and the business cycle. He attacks the issue at a high enough level to help the reader understand the big picture, and gives enough context to facilitate further reading for those wanting to dig deeper.

If you're wanting an introduction to Austrian economics, look no further; this is it!

2 of 2 people found the following review helpful.
Modern examples are worse: hyperinflation of the Weimar Republic
By J. M.
Ebeling's arguments against today's "Modern Monetary Theorists" (or neo-Keynesians) include the reasoning of Austrian-school economists, but also the lessons of history. Past attempts to recover from deep economic declines by printing unbacked paper money (or minting base metal coins) have always failed. Look at ancient Rome under Emperor Domitian, France under King Louis XV's regent, the Duke of Orleans, our own American colonies issuing bills of credit before and during the Revolution. Modern examples are worse: hyperinflation of the Weimar Republic, numerous others during the 20th century, and of present-day Venezuela, where inflation is expected to exceed 700% this year.

Ebeling calls for ending the government monopoly of issuing currency, repealing the Federal Reserve Act and all national banking regulations. He does not mention that no power was ever granted the Congress for these laws in the first place, but such details matter little today. What would replace today's monetary chaos? Free banking, with some sort of gold standard. The problem is, that's where we started from.

1 of 1 people found the following review helpful.
worth your time
By Michael H. Denyer
Along with thumbnail introductions to Austrian theory of money, capital, and markets, Ebeling incisively explores banking and government interventions into economy. Fallacies topple right and left. This books is an important part of education in political economy.

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