Econintersect: Webmaster Russell Huntley of Soft Currency Economics has announced a two-day special offering for Warren Mosler’s seminal book “The Seven Deadly Innocent Frauds of Economic Policy.” The author has made the offer of his best selling book for free download from Amazon.com because of concern that more people need to understand the issues involved in fiscal and monetary policy.
Click on the book image to access Amazon.com for more information and to “order” the free book.
The following is the current product description forwarded to Econintersect by Mr. Huntley:
The author has been called “one the brightest minds in finance” (CNBC, 2010)This book is FREE on March 2nd and 3rd.The reason for making the book free, even though it is currently selling very well, is because Congress and the President failed by allowing for sequestration. We, as participants in this great nation, need to be educated so that we can legitimately question our elected officials over some of the decisions that they make.Click on the book cover and read the introduction; take the “red pill” and journey down the rabbit hole to find out the truth about money, deficits and monetary policy. You will feel great when you discover the truth. Also tell your family and friends to download a free copy of the book.Some of what you will learn in the rabbit hole is that:* The U.S can never go bankrupt unless that is what congress decides to do.* The U.S. can never fail to make social security payments.* The government does not need to raise taxes nor borrow in order to spend, as spending is revenue neutral. In fact, the government has to spend before it can tax or borrow.* Deficits are not a Freddy Krueger that murders the economy to steal its money.* What you are not told is that deficits = private sector savings to the penny. It does not take money away from entrepreneurs and the private sector.
Mosler has also written a companion book “Soft Currency Economics,” subtitled “What Everyone Thinks That They Know About Monetary Policy is Wrong.” Click on the image of the book to access more information at Amazon.com and to order (for only $2.99 on Kindle).
This book has been praised by five contributors to Global Economic Intersection: Prof James Galbraith, University of Texas; Marshall Auerback, Director Institute for New Economic Thinking, Pinetree Capital portfolio strategist, Fellow for the Economists for Peace and Security, Research Associate, Levy Institute; and Prof. Matthew Forstater, Prof. William L. Black and Prof. Stephanie Kelton, all of the University of Missouri Kansas City.