Optimal Money Flow · A New Vision of How a Dynamic-Growth Economy Can Work for Everyone by Marsh, Lawrence C. -- Read -- Imperial Library of Trantor

Index

Title Copyright Dedication Contents Preface Ch 1: Introduction to This Book Ch 2: History Of Money Flow: Technology Favors Fixed Costs and Labor Loses Out

Origins of Money Flow Adam Smith Concerned about Wealth Distribution Two Invisible Hands Sweat Equity to Capital Link Broken The Debt-Deflation Cycle Emerges Money Flow Shifts from Variable Costs to Fixed Costs Summary, Overview, and Transition

Ch 3: Money Flow Dynamics: As Blood Flows Through the Body

The Quantity and Quality of Money Win-Win Strategy Maximizes Circular Money Flow Managing the Business Cycle and Money Flow Capital’s Triumph over Labor Circular Money Flow Keeps Economy Healthy Government’s Role in Maintaining Good Money Flow Wealthy May Gain from Healthy Money Flow Insufficient Money Flow Blocks Youth Development Money Flows through Our New “Gig” Economy “Lights-Out” Manufacturing: Less Labor, More Capital The Role of Inflation in Productivity Growth Summary, Overview, and Transition

Ch 4: Money Flow Coopetition: “Win-Win” Beats “I-Win-You-Lose”

Win-Win Strategy Works Best for Business Working Together Saves Red Bridge Shopping Center Economic Decisions Not Rational or Independent Velocity of Money and Multiplier Effect Applying Micro Solutions to Macro Problems Treating Government as Outside the System Contagion Effects and Irrational Exuberance Exuberance Summary, Overview, and Transition

Ch 5: Government: Matching Marginal Costs and Benefits

Asymmetric Information Distorts Market Outcomes An Imaginary World That Distorts and Denies Reality Positive and Negative Externalities Common Property Resources Dealing with the Free Rider Problem The Economic Effects of the Minimum Wage Laws Earned Income Tax Credit Offers Targeted Solution Monopolies Cause Inefficient Resource Allocation Patents, Licensing, and Copyrights Summary, Overview, and Transition

Multiplier Effect and Velocity of Money CEO Pay and the Representative Agent Problem Do Unions Restrict Competition and Free Enterprise? Citizens United Endorses “Pay-to-Play” Politics Tax Loopholes Work Well for the Special Interests 1960 Transition from Aristocracy to Meritocracy Gerrymandering Creates Extremists Make Elections Fairer and More Representative Take the Money out of Politics Behavioral Economics Reveals Irrational Decisions Mental Energy Plays Key Role in Economic Decisions Weak Economic Demand Reflects Poor Money Flow Quantity and Velocity of Money Taxes Affect Money Flow Misconception in Econ 101 Money Flow in a Free Market Money Flow and Labor Market Productivity Old Inflation-Based Cycle Replaced by Triple Bubble Economy Summary, Overview, and Transition

Ch 7: Macroeconomic Policy: Automatic Stabilizers, Debt, and the Economic Death Spiral

Fiscally Prudent Use of Money Flow Don’t Destroy Our Automatic Stabilizers Debt or Economic Death Spiral Federal Reserve Policy Prevents High Inflation Financial Markets Alert Us to Excessive Federal Debt The Liquidity Trap Have Fed Create Individual “My America” Accounts Protecting and Securing Social Security Replace Inefficient Private-Sector Health-Care System Make Estate Taxes More Attractive The Lump of Labor Fallacy Immigration and the Law of Comparative Advantage The Shared Productivity Spillover Effect Fourth Branch of Government for Economic Policy Summary, Overview, and Transition

Ch 8: International Money Flow: Money Flows Between Nations

Trade Promotes Competition in Free Markets Education and Infrastructure Investment Generosity and Shared Prosperity The Jobs-versus-Prices Trade-Off Money Flow Stimulates Consumption and Investment Energy and Natural Resources Efficient Economic Development Have 50 Years of US Aid Money Stymied African Growth? Can Free Markets and Local Businesses Convert Poverty into Prosperity When Foreign Aid Fails? To Promote Capitalism and Enhance Our Soft Power, Go to Kiva.Org Freedom and Democracy in China Does Trade with China Threaten American Jobs? Summary, Overview, and Transition

Ch 9: Summary: Creating Optimal Money Flow for a Healthy Economy

Cognitive Capture Gives Lobbyists Political Power Economic Inequality Leads to Economic Instability Fiscal Policy to Provide Money Flow to Middle Class International Money Flow Lowers Prices for All Lump of Labor Fallacy Posits Fixed Number of Jobs Conclusion

References Acknowledgments Index About the Author