“I’ve No Fucking Clue About Any Of This”?

I am thinking of working on a new book explaining….The aim will be to explain everything from what money is, to how it is created, to what it’s relationship with tax is, before then going on to the much harder stuff. That will look at debt, deficits and, of course, quantitative easing. Inflation then comes into the mix, but before that the true nature of government accounting – both the income account and balance sheet – will need to be addressed. The latter is particularly important and may be a focus of this work.

The relationship between the government and the rest of the economy will also need consideration, of course. That will then bring in a discussion of fiscal and monetary policy, with multipliers and interest rate issues in that mix.

11 thoughts on ““I’ve No Fucking Clue About Any Of This”?”

  1. Dennis, Twatty Something or Other

    That’ll be a page turner.

    No doubt it will find its rightful place in the smallest room in the house.

  2. Since humans started making things they have been trading the things. Sometimes this would be inconvenient because if you wanted to swap something of fairly high value for something else of high, but not the same, value then someone would get a raw deal. You could maybe chuck in a sheep or something to make up the difference but actually I have enough sheep for the amount of grass I’ve got so no thanks. Currency made in standardised units solved such difficulties and when it all boils down to it that’s all that money is.

  3. Provided he does the research to learn about and understand the subject before he puts pen to paper this would be a good thing. Even if no one ever sees the book.

  4. “The aim will be to explain everything from what money is, to how it is created,“ He has no clue about this. The quote in the next post regarding reversing QE: “They would need to sell other assets to buy bonds.” The complaint was about removing liquidity. If they’re reversing QE they will be selling bonds, not buying.

  5. No doubt it will find its rightful place in the smallest room in the house.

    You couldn’t use it for toilet paper. You’d wipe more on than off

  6. Rats, I didn’t see you were quoting at first, and thought, “yes, that would be interesting, I’d buy that”.

    What would also be interesting is to catalogue the current misconceptions about what money is, and why they are wrong.

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