Free book on Euro Crisis

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I like the part on liquidity efficiency. I made a post in the "greenback scenarios" thread about how tax cuts for the rich is insane. They're not going to consume more with that money and even if they do it's unstable demand - luxury goods. I was pretty much saying the same things with less academic language.

These switches should be given to independent institutions like central banks have mandate to ensure price stability. Otherwise you risk having it in accomodative mode all the time. Politicians will never feel like "putting money away" or take actions that will result in reduced spending.
 
Quote from FrostBead:

I like the part on liquidity efficiency. I made a post in the "greenback scenarios" thread about how tax cuts for the rich is insane. They're not going to consume more with that money and even if they do it's unstable demand - luxury goods. I was pretty much saying the same things with less academic language.

These switches should be given to independent institutions like central banks have mandate to ensure price stability. Otherwise you risk having it in accomodative mode all the time. Politicians will never feel like "putting money away" or take actions that will result in reduced spending.
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Have you finished it yet? What did you think of the fortification of demand?
 
I've read it.

Quote from FrostBead:


These switches should be given to independent institutions like central banks have mandate to ensure price stability. Otherwise you risk having it in accomodative mode all the time. Politicians will never feel like "putting money away" or take actions that will result in reduced spending.
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This was in part meant for the section on fortification of demand. I think switches are okay as long as it is out of the reach of politicians. It helps but any of the PIIGS would still be hopelessly in a free fall.

How do you think these built in stabilisers would fare in say Greece where demand has been propped up to a very high degree? Soft pillow in a 20 meter fall? :)

I liked the tweaking of pension contributions the most, sturdy fiscal action. I think your ideas would work okay in a normal business cycle. In these times, devaluation or internal devaluation is the only medicine.
 
Quote from FrostBead:

I've read it.



This was in part meant for the section on fortification of demand. I think switches are okay as long as it is out of the reach of politicians. It helps but any of the PIIGS would still be hopelessly in a free fall.

How do you think these built in stabilisers would fare in say Greece where demand has been propped up to a very high degree? Soft pillow in a 20 meter fall? :)

I liked the tweaking of pension contributions the most, sturdy fiscal action. I think your ideas would work okay in a normal business cycle. In these times, devaluation or internal devaluation is the only medicine.
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I have a whole new economics system. This is just part. If you no longer have to use the interest rate to control aggregagte demand with interest you can use another return to provide a reason to save. In other words it provides you with another dimension to banking. Do you see where I am going.

Can I ask overall what did you think of the book. Was it a good explanation to the problem and do you think the solutions are worth pursuing. Was it well written and understandable?

Anyway thank you for reading it. Over 150 people have downloaded it in the last week. So I am happy.
 
Quote from atlTrader666:

Are you in grad school?

I downloaded it...
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I am a free lance macroeconomist.
 
Does anyone else have any feed back on the book? I would appreciate your comments.
 
I think the points definately are worth pursuing. A good pitch would be to take one of the PIIGS countries are apply their input numbers to measure how much your solutions would help and hopefully the sum of them will make for a really impressive number.

Maybe you could change the aesthetics? The original office template is ugly and makes you look lazy. ^^

Also, I don't know if you are going to market it, but consider the client and how you approach the more "protectionistic" ideas.
 
Quote from FrostBead:


Maybe you could change the aesthetics? The original office template is ugly and makes you look lazy. ^^
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Do you mean the graphs and tables or the contents in general look bad. I have a friend who is a desk top publisher. She said the graphs would be better vertical but I could not tilt them and fit them on the page to a readible size.

The book looks better than the download copy. I had to go with what Lulu gave me. When I send it to people I send it in book form, rather than download. I only did download to get wide readership.

Anyway thank you for reading and the feedback. Did you take a look at the CPR link?
 
Believe it or not 200 people have donwloaded the book in the last 10 days. It got good reviews too.
 
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