Big Debt Crises Ray Dalio Pdf
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📒Summary Of Ray Dalio S Big Debt Crises By Swift Reads ✍ Swift Reads
✏Summary of Ray Dalio s Big Debt Crises by Swift Reads Book Summary : Big Debt Crises (2018) by Ray Dalio is an economic primer based on the proprietary decision-making system used at the author’s hugely successful hedge fund, Bridgewater Associates. Financial crises across history tend to share certain features... Purchase this in-depth summary to learn more.
📒Optimal Money Flow ✍ Lawrence C. Marsh
✏Optimal Money Flow Book Summary : Extremes in income and wealth inequality are leading us closer to a highly insecure and unstable economy. Neoclassical, monetarist, Keynesian, and other economic paradigms have proven inadequate to explain this phenomenon. While many books promote redistribution as an issue of fairness, Lawrence C. Marsh’s Optimal Money Flow explicitly sets aside the fairness issue to argue instead that redistribution is imperative for economic efficiency, stability, and maximum economic growth. Marsh introduces his unique money flow paradigm as the replacement for other economic paradigms that have failed at addressing the situation we face today. Marsh’s money flow paradigm views the flow of money to the top of the wealth pyramid as inherent, inevitable, and inexorable to the free enterprise system. This new paradigm requires that government assume its rightful responsibility to direct sufficient money flow from the top to the bottom (like a heart pumping blood throughout the body) in order to maximize employment, economic growth, and efficient resource allocation. In a healthy economy, the money then flows naturally back up to the top in a circulatory flow. Optimal Money Flow provides an abundance of stimulating, original ideas for readers who appreciate books at the intersection of economics and politics. One such idea is Marsh’s "My America" personal accounts. This new policy tool would serve as an alternative to the Fed buying US Treasury securities in New York financial markets, which just lowers interest rates and boosts stock and bond prices. Instead, a "My America" Federal Reserve bank account would be created for every American, into which money could be injected directly to provide consumers with cash to stimulate demand when the economy slows. Conservatives will appreciate two aspects of this approach: The people, not the government, decide how to spend the money, and it does not increase taxes or add to the national debt, while it simultaneously avoids excessive inflation through prudent monetary management. It also uses less money and has a more direct and immediate impact on consumer demand than the purchase of US Treasury securities. Lawrence Marsh sees government as the heart of the free enterprise system—where it does and should play an active part in maintaining and ensuring efficient and equitable resource allocation in an economy. Previous economic paradigms viewed government as an external, alien force outside the system, but Marsh promotes a very different approach. While he acknowledges there is efficiency in the market for ordinary goods and services, he sees contagion effects and inefficiency in many financial markets. With higher levels of globalization, low levels of unionization, and more rapid technological change, a new type of business cycle has emerged—one in which rising middle-class debt and stock market bubbles have replaced price and wage inflation as the source of economic instability. Marsh believes government can contribute to the efficiency of the free enterprise system by better aligning marginal costs and marginal benefits, and that in the long run, government can greatly enhance efficiency, productivity, and economic growth. Marsh also takes on the commonly held notion of a static fight over a fixed economic pie with the assertion that this view must be replaced with one of a dynamic process that maximizes the growth rate of the economic pie for everyone—by keeping the money flowing to all parts of the economy. Optimal Money Flow’s important message and unique proposals deliver a fresh view of the interconnectedness of the globe and an updated understanding of the underlying economic forces that shape our lives today—including international trade and how one country's decisions now impact the rest of the world. Readers will rethink their basic assumptions about the nature of economics and the role of government.
📒Struggling Amidst Plenty ✍ Subir Grewal
✏Struggling Amidst Plenty Book Summary : By: Subir Grewal We can’t solve our economic problems until we venture upstream, where few go, to discover what the true problem is. Many people out there can sense something is deeply wrong with our system of money and finance, and that the effects of it are far-reaching. However, most also don’t know the full scope of it, and how to put it all into words, so we can diagnose the root cause and then set out to fix it. That’s where this book comes in. · Written by a financial industry veteran, C.P.A., and reformed owner of a degree in economics, who can’t bear to silently watch this flawed, outdated, and yet obscure system of money & finance crush humanity. · We go behind the curtain in monetary economics, with simple explanations in layperson’s terms on topics often thought to be complex. No background in economics is required. From this, the reader will gain financial and monetary literacy on the pressing problems of today, why the status quo in economics is unable to solve them, and what needs to change. · This is THE book on inequality and what drives it. We demystify the entire monetary/financial system, show how it’s rooted in arbitrary special privilege, and explain the math of how it systematically creates a society with major inequality. · Puts forth a comprehensive solution, fit for modern times, that could help solve inequality, high debt, and “too big to fail” all at once. These ideas come from actual economists with PhDs; the author is just a translator for the layperson. (The solution is not a gold standard, Bitcoin, or more government borrowing, either.) We’ll also get into why this solution has been systematically suppressed, and why it will be tough for economists alone to solve these problems for us. · This book is non-partisan and not married to any “ism.” You’ll see how many prominent people on BOTH the “Left” and “Right” have supported the solutions proposed. · You can download it for free. Payment is voluntary and suggested at $5.00 (it can be more/less.) No strings attached, no future e-mails. This is just about getting vital information out there.
📒Necessary Evil ✍ David Kinley
✏Necessary Evil Book Summary : Finance is the evil we cannot live without. It governs almost every aspect of our lives and has the power to liberate as well as enslave. With the world's total financial assets--valued at a staggering $300 trillion--being four times larger than the combined output of all the world's economies, there is, apparently, plenty to go around. Yet, while proponents of finance-driven capitalism point to the trickle-down effect as its contribution to wealth redistribution, there are still nearly a billion people across the globe existing on less than $2 a day; 14 percent of Americans are living below the official poverty line; and disparities in wealth equality everywhere have reached unprecedented levels. Evidently a trickle is not enough. How can this be when so much wealth abounds, and when finance is supposedly chastened and reformed after its latest global crisis? How, especially, can it be in an age when human rights are more loudly proclaimed than ever before? Can the financial sector be made to shoulder more of the burden of spreading wealth, reducing poverty, and protecting rights? And if so, what role can human rights play in making it happen? In answering these questions, David Kinley draws on a vast array of material from bankers, economists, lawyers, and politicians, as well as human rights activists, philosophers, historians and anthropologists, alongside his own experiences working in the field. Necessary Evil shows how finance can shed its conceit, return to its role as the economy's servant not its master, and regain the public trust and credibility it has so spectacularly lost over the past decade--all by helping human rights, not harming them.