Free Money: Plan for Prosperity [Paperback]

Rodger Malcolm Mitchell (Author)

Book Description

Publication Date: September 1, 2005

Praised by economists, yet clear enough for the average reader, Rodger Malcolm Mitchell's easy-to-understand book, FREE MONEY demonstrates the first, important new economic theory in years. It is a theory not just supported by historical fact, but which has led to impressively accurate predictions. # Readers will learn: What tax changes will save Social Security and Medicare. # How to predict the U.S. economy. # The key economic buy/sell signal for investors. # How future tax policy and federal deficits will affect America. Learn and understand the answers to these questions and many more. If you're an economist, you'll discover important new ideas, that can form the basis for your own research and publishing. If you're an investor, you will be able to predict the changes in our economy. Also, learn the answer to the single most important question in all of economics: "Because a growing economy requires a growing supply of money, where will the money come from to grow our economy?"

Editorial Reviews

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About the Author

Rodger Malcolm Mitchell is a business turnaround specialist. Using the non-intuitive methods describes in FREE MONEY, he predicted the economic boom. Then he was able to predict the most recent recession, because he knew what specific events would cause it. He predicted the Greenspan interest rate cuts' repeated failure to stimulate the economy. He predicted our current recovery and what will end it. He predicted the interest rate increases, and their failure to cool the economy. FREE MONEY will help readers invest more wisely and profitably.

Product Details

• Paperback: 224 pages
• Publisher: PGM International, Inc. (September 1, 2005)
• Language: English
• ISBN-10: 0965832317
• ISBN-13: 978-0965832311
• Product Dimensions: 8.4 x 5.5 x 0.6 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #1,333,542 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 15 people found the following review helpful:

5.0 out of 5 stars Sadly, the author understands federal finances better than most mainstream economists, August 8, 2010

By 

Piotrek (CT, USA) - See all my reviews

This review is from: Free Money: Plan for Prosperity (Paperback)

Since 1971 the US is off the gold standard. This means that a growing economy cannot be thrown into depression just because there is not enough gold to back the growing stock of money required to sustain it. It is enough now to create the money out of nothing. And this is done, the quantity of money created is known as the "federal debt", and it is completely unlike a household or corporate debt, which is a real financial burden. Debt cannot be a burden to an entity that creates money.

Unfortunately, 99% of economists, Nobel laureates including, of all persuasions: neoliberal, Keynesian, Austrian, have not caught up to the simple fact that the monetary system is nothing like the gold standard that ruled when the textbooks they learned about money from were written. The erroneous set of beliefs and dogmas (eg. "federal debt is like a household debt") is perpetuated. A small group of economists, known as chartalists or MMT-ers (after Modern Monetary Theory) have figured out the fiat (non gold-related) money. The author of the book is not among them, he discovered this by himself, a true genius. His book is definitely recommended, if you want to understand why some countries go bankrupt and others can run 200% debt-to-GDP ratio and manage to sell massive amounts of bonds despite offering near zero interest.

If you read this book you will see how confused the most famous economists are, how their thinking is muddled by false analogies and unspoken, yet absurd, assumptions.

Obviously, I think it is worth it.

11 of 15 people found the following review helpful:

5.0 out of 5 stars An outstanding and interesting book, November 7, 2003

By A Customer

This review is from: Free Money: Plan for Prosperity (Paperback)

Every once in a while, you find a book that changes your view of the world. FREE MONEY showed me why the common knowledge about the economy is completely wrong. It showed me how to predict the stock market, which I've done successfully for the past 5 years, using the simple method described.
It showed me why we had the recession and the recovery. It showed me why Chairman Greenspan's mistakes were largely responsible for the recession, and how close we were to a depression.
It showed me solutions to the Social Security and Medicare problems.
In short, this is one of the most important books I ever have read, and it made a lot of money for me, too.

5 of 7 people found the following review helpful:

4.0 out of 5 stars Free Money, October 19, 2008

By 

Daniel Hoffman - See all my reviews
(REAL NAME)   

This review is from: Free Money: Plan for Prosperity (Paperback)

Fresh perspective on what money is all about. And maybe the real answer to the financial mess the world is in now. A must read.