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Foregoing the usual relitigating of the problems of housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible audiobook lays a groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
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Creators
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Publisher
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Release date
November 23, 2021 -
Formats
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OverDrive Listen audiobook
- ISBN: 9781666144796
- File size: 406196 KB
- Duration: 14:06:14
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Languages
- English
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