The Financial System Limit
"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, now followed by most governments and central banks, 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: How contradictory policies are sinking the global economy. This new book offers further original thought.
Printed editions are available as follows:
9781907230783 (Paperback) now, in Australia, New Zealand and selected other countries
9781907230769 (Hard cover) Worldwide except United Kingdom
9781907230790 (Hard cover) Worldwide except United States. The subtitle of this edition is: Britain's real debt burden and it includes a postscript linking the Financial System Limit, debt and Brexit.