Introduces a new theoretical construct, The Quantity Theory of Credit, discusses how paper money creation is the only thing keeping the global economy from collapse, and provides practical advice for the coming instability.
Contents
How credit slipped its leash -- The global money glut -- Creditopia -- The quantity theory of credit -- The policy response: perpetuating the boom -- Where are we now? -- How it plays out -- Disaster scenarios -- The policy options -- Fire and ice, inflation and deflation -- Conclusion.
