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The Financial System Limit

Britain's real debt burden

David Kauders

$21.95   $19.80

Paperback

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English
Sparkling Books Ltd
10 May 2024
"""Neither Keynes nor his disciples foresaw the eventual creation of unaffordable debt nearly a century later.""

""One of the most fascinating books I?ve ever read"" - NetGalley reviewer

Why were economies sluggish before the pandemic arrived? Why have interest rates paid by businesses and households been rising even though deposit rates are nil? Does the policy of bailing out economies bring any dangers?

In The Financial System Limit, investment manager David Kauders shows that Keynesian economics has gradually caused the private sector to add to its debts at a true cost far above any inflation. The world cannot afford debts already created.

The author challenges the existing academic and political consensus about how economies should be managed.

""Radical thinkers might have a point"" was how the Financial Times described David Kauders' first book The Greatest Crash. This new book offers further original thought.

Anyone concerned about financial stability and economic growth should read why the fashionable proposals do not work."
By:  
Imprint:   Sparkling Books Ltd
Country of Publication:   United Kingdom
Dimensions:   Height: 216mm,  Width: 140mm,  Spine: 9mm
ISBN:   9781907230264
ISBN 10:   1907230262
Publication Date:  
Audience:   General/trade ,  Professional and scholarly ,  College/higher education ,  ELT Advanced ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

David Kauders FRSA was educated at Latymer Upper School, Jesus College, Cambridge and Cranfield School of Management. He is an investment manager and author.

Reviews for The Financial System Limit: Britain's real debt burden

"""The author provides a historical view of how we reached the point where the level of global debt is unsustainable and now compounded by a global pandemic. The book is understandable by those without a deep financial background. ""Kauders, who has decades of experience as an investment manager makes the case for the difficult situation we, as global citizens, are confronted with."" - Librarything reviewer ""A very good book about the financial system. How debt works. How debt works and has worked for and against various countries at various times. Highly recommended!"" - Hal Perlman, USA ""The book pleas to measure interest cost on total debt in relation to economic output. A deep recession and consequential financial upset were inevitable in a world that could not resolve the conflict between stimulus and austerity, a world that remained addicted to debt, a world that refused to admit the limit to the growth of debt caused by the cost of servicing it. That's what David Kauders wants to highlight.""- Henk van der Klis, Netherlands ""This book by David Kauders provides some unique and interesting insights on macroeconomics and money in general. The topic of debt is such a complex and loaded topic but Kauders approaches it in an easy to understand manner (you don't have to have an economics background). This book is a not a light read or an easy read but its worth the read."" - Reviewer, Canada ""The book starts with a ""Definitions and Explanations"" section, which is helpful in clarifying some terms and concepts... ""One of the author's main points seems to be that credit can not be created forever, because there reaches a point at which the debt level of a society makes repayment of the debt impossible. Kauders discusses this and other ideas, including the economic strategies of governments to deal with the pandemic, the true cost of debt, and economic cycles cause by central banking policies. His ideas about modern monetary theory and pensions are interesting.""- Review posted on amazon.com ""Radical thinkers might have a point"" was how the Financial Times described David Kauders' first book The Greatest Crash: How contradictory policies are sinking the global economy. This new book offers further original thought."


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