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Money, Banking, and the Business Cycle: Volume II: Remedies and Alternative Theories
Money Banking and the Business Cycle Volume II Remedies and Alternative Theories Author:Brian P. Simpson The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive fram... more »ework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II provides a primer for understanding how prolonged government interference in the economy creates fiat money and fractional-reserve banking. Simpson offers a detailed analysis of several monetary systems around the world, shedding light on why a free and open market has never existed.« less