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    Interest Rate: A Centuries Old Mystery and Conspiracy
    Interest Rate: A Centuries Old Mystery and Conspiracy
    Interest Rate: A Centuries Old Mystery and Conspiracy
    Ebook63 pages39 minutes

    Interest Rate: A Centuries Old Mystery and Conspiracy

    By Hak Choi

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    About this ebook

    This book is a, brief but critical, historical account of economists' failed attempts to derive a theory for interest rate. The consequence of this failure and the blind-driving of policies guided by defunct GPS is the ordeal, previously experienced by many countries in the world and now torturing the smaller European people, which, the author proves, is a centuries old conspiracy.

    LanguageEnglish
    PublisherHak Choi
    Release dateJun 29, 2012
    ISBN9781476488769
    Interest Rate: A Centuries Old Mystery and Conspiracy
    Author

    Hak Choi

    Born in Hong KongPh.D. in Economics, University of Bonn, GermanyCriticizes neoclassical economics

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      Book preview

      Interest Rate - Hak Choi

      Interest Rate -

      A Centuries Old Mystery and Conspiracy

      By Hak Choi

      Copyright 2012

      Hak Choi

      ISBN: 9781476488769

      Smashwords Edition

      License Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you're reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Also by Hak Choi

      Economics in Deep Trouble


      Economics in Deeper Trouble (1) - Microeconomics


      Road Toll - Ignorance, Exploitation and Robbery
Some 40 Working Papers in ssrn.com

      Table of Contents

      Preface

      Chapter 1 - Irving Fisher’s Tragedy

      Chapter 2 - Böhm-Bawerk's Roundaboutness

      Chapter 3 - Capital? Jelly or Holy?

      Chapter 4 - Keynes' Liquidity

      Chapter 5 - Money Market, Where and What?

      Chapter 6 - Fisher's Impatience

      Chapter 7 - Robertson's Loanable Fund

      Chapter 8 - Equilibrium or Disequilibrium

      Chapter 9 - Walras’ Theory of Disequilibrium

      Chapter 10 - Profit and Disequilibrium

      Chapter 11 - Keynes’ Profitable Disequilibrium

      Chapter 12 - Adam Smith’s Profitable Interest Rate

      Chapter 13 - Profitable Usury

      Chapter 14 - Money: Its Creation, Its Uses, Its Price

      Chapter 15 - Saving

      Chapter 16 - Real or Nominal Rate

      Chapter 17 - Dispelling Keynes’ Curse

      Chapter 18 - The Business of Central Bank - The Art of Keynesian Magic at its Pinnacle

      Chapter 19 - The Mirrage of Two Exploiters

      Chapter 20 - Central Bank's Profit?

      Chapter 21 - Stop the Absurd Stupidity

      Chapter 22 - The European Schweinerei

      References

      Author

      Preface

      From the way the media portrays the thoughts of economists, one might be thinking that economics is a practical, sometimes entertaining, application of how to run a government and a panacea for all the societal ills. However, governments have behaved badly, all ills remained uncured and rampant, and the economic reality of people living in Greece, Spain, Ireland, and many other countries is far from entertaining.

      Since economics is an academic field, it relies on incremental growth of knowledge over time, and new thought should evolve from previous ones. In this field, however, old thoughts look very anchored and established economists intolerant to criticism. Some even forget their discipline and turn to assist monopolies and autocracy to exploit the general public. When they refused to consider new challenge and turned to protect the authority, economists derived one false theory after the other. This is especially true in the area concerning interest rate.

      Understandably, when the objectivity of a science becomes less objective, it often become emotional. This book that you are about to read is an undeniably emotional work. Thus, I am writing here to appeal to your patience in the event that you do not find the writing to be entertaining, because the message this book tries to convey is very sincere.

      In one - almost callously - broad stroke, the author brings together over 230 years of economics. His goal with this book is to explain how modern economics have gone wrong in the past, and how past errors have created bubbles

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