How to end to the debt crisis in one month

Punabantu, Siize (2011): How to end to the debt crisis in one month.

Abstract

The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level economics. The consequence of this is that leaders around the world and the governments they oversee today are being misled by the very fundamental approaches in contemporary economic theory they are advised will protect their industries and citizens.

• Item Type: MPRA Paper
• Language: English
• Keywords: Scarcity; banking; credit creation; banks; resource creation; implosion; wobble effect; economic thought; poverty; wealth; equation of exchange; money; price; mark-up; cost plus pricing; rationality; operating level economics; economic growth; expenditure fallacy; paradox; economic operating system
• Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes ; Keynesian ; Post-Keynesian; D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; D - Microeconomics > D1 - Household Behavior and Family Economics > D10 - General; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General; H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt ; Debt Management ; Sovereign Debt; G - Financial Economics > G0 - General > G01 - Financial Crises

References

Punabantu, Siize, 2009, The Greater Poverty & Wealth of Nations: An Introduction to Operating Level Economics. How every economy has the latent financial resources with which to finance the doubling of its GDP in one year at constant price, ASG Advisory Services Group, Lusaka. ISBN: 978-9982-22-076-7.

Punabantu, Siize. August 2010, Financing the Doubling of GDP in One Year at Constant Price, ASG, http://econpapers.repec.org/paper/pramprapa/24132.htm

Punabantu, Siize. September 2010, The Origin of Wealth, ASG, http://mpra.ub.uni-muenchen.de/24730/1/The8_Scientific_Origin_of_Poverty.pdf

Punabantu, Siize. September 2010, Governance and Economic Growth, http://mpra.ub.uni-muenchen.de/26017/

Punabantu, Siize. December 2010, Currency Wars and International Trade,

Treasury Direct, August 2011, The debt to the penny: who holds it, http://www.treasurydirect.gov/NP/BPDLogin?application=np

UK Office for National Statistics, 2011, Public Sector Finances, http://www.statistics.gov.uk/cci/nugget.asp?id=206