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Money, Banking, and the Business Cycle : Volume II: Remedies and Alternative Theories, Paperback / softback Book

Money, Banking, and the Business Cycle : Volume II: Remedies and Alternative Theories Paperback / softback

Paperback / softback

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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 framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term.

Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle.

Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.

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