David Coplin

Poverty and the Foundation of Economics (eBook, ePUB)

• Format: ePub

Produktbeschreibung

This book describes an economic alternative to our current western credit system that will eliminate poverty and recessions, control
inflation, and release the full potential of your economy. Where we continue to go off the rails is thinking that money creation must be tied to some sort of credit instrument. The lesson that the fractional reserve banking system has been trying to teach us for centuries but which we refuse to learn is that money can be successfully created out of thin air and used to fund sustainable economic growth without the necessity of any credit instrument. While the money that the fractional reserve banking system creates out of thin air is tied to credit instruments, the fact of the matter is that those credit instruments are not required. As
long as the money created out of thin air does not exceed the true limit of the goods and services produced by your economy, is produced by a trusted source, and does not try to allocate economic resources that do not exist, money can be created in any amount to successfully drive sustained economic growth.

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Produktdetails

• Verlag: David Coplin
• Erscheinungstermin: 28. März 2011
• Englisch
• ISBN-13: 9781465701114
• Artikelnr.: 48245856

Autorenporträt

Born November 26, 1944 to the children of Nebraska farmers. My father was a educator who moved us to California when I was three where I and my sister grew up. I went to Raymond College at the University of the Pacific in Stockton which was close to home but dropped out one semester before graduation to strike out on my own. After being fired from my first job at a filling station I joined the Air Force to avoid being drafted into the Army. After a year I was discharged from the Air Force as unsuitable but while in the Air Force I received training in computer programming which became my career for thirty three years after a short period sorting mail for the Postal Service. When I was finally
downsized from my last programming job with one of the telephone companies I decided to start bookkeeping which lead to a job as a staff accountant from which I was RIFed in early 2011.