The Federal Debt Problem "When an author puts himself on the line by embracing an unfashionable idea, even though he is guaranteed to generate scorn or indifference, this should be recognized." Nobel laureate Kary B. Mullis
To understand our economy, you must understand: 1. The Golden Rule of Economics: "A growing economy requires a growing supply of money."
2. The Fundamental Truth of Economics: "All money is debt."
Once you fully understand the implications of these two simple concepts, you'll be ahead of most media experts and lay people, and on your way to a most exciting discovery.
Rodger Malcolm Mitchell, MBA is a "turnaround specialist," who saves troubled companies. He looks at each company with fresh eyes. He ignores corporate common knowledge. He finds the realities of each company's situation. He's learned: When the obvious answers don't work, the real answers will be counterintuitive.
Click the cover to see excerpts from the book
FREE MONEY , Mr. Mitchell uses the same techniques to investigate commonly held beliefs about our economy. What he discovers will amaze you. Learn:
Why lowering interest rates has not, can not and never will, stimulate the economy.
Why running a federal surplus, or even a balanced budget, is the least "prudent" fiscal action.
Who creates, and who destroys, the money needed for economic growth.
What would happen to our economy if federal debt were to rise six-fold.
The effect of cutting taxes on the rich vs. cutting taxes on the poor.
The surprising effect a cut in taxes, or an increase in benefits, would have on Social Security and Medicare.
Why a trade deficit does not harm our economy.
If taxes are cut, which tax should be cut first.
The real cause of the latest recession, and how to predict future economic changes.
Why the Fed has failed to prevent and cure recessions, and what the Fed should do now to prevent the next recession.
An interesting, counter-intuitive pattern: Every recession in U.S. history was preceeded by a series of years in which federal debt rose less than it did in the corresponding month of the previous year. Each recession ended when federal debt began to rise faster than it had in the corresponding month of the previous year.