End Of The Road: Political-Economic Catastrophe from Fiat, Debt, Inflation Targeting & Inequality

by Louis Holder

Overview

This book is about the mismanagement of Western economies in pursuit of political power, which resulting devastation will have to be borne by future generations. The book establishes that the postponement is no longer doable and lays out the hard choices ahead causing much misery and agony.

As workers react to the mismanagement causing a loss of employment in middle-class paying jobs, and primarily white and middle-aged workers, they are dying in record numbers from what Drs. Case & Deaton describes as "Deaths of Despair." And it will worsen as only this month, August 2023, Fitch Ratings down rated the US public debt from AAA to AA+, based on projected difficulties ahead with its control despite a recent congressional agreement on the debt ceiling.

The Western governments' reaction is to turn to nativism and protectionism. These are all superficial fixes and will do nothing to correct the problem. The root cause of the problem is fiat currencies, and until and unless addressed, the problem cannot be addressed.

Corrective action would involve backing currencies with Country's assets, eliminating/reducing debt unless for investment and infrastructure purposes, prohibiting the targeting/planning of inflation, and establishing a relationship between the highest and lowest paid in an economy. The book proposes novel approaches to these issues, including income support for those impacted by these corrective measures, for developed countries have arrived at the end of the road.

Product Details

ISBN-13:	9798989211272
Publisher:	Louis Holder
Publication date:	01/11/2024
Pages:	190
Product dimensions:	6.00(w) x 9.00(h) x 0.41(d)

About the Author

The Author, Louis Holder, worked entirely in the private sector. After completing his tertiary education with concentration in Economics, he was employed by a large New York Electric & Gas Utility attaining the position of Manager of Rates. This position would necessarily focus on microeconomics and during his employ there, he introduced a novel pricing concept at the time, Real Time Pricing. Real Time Pricing is the pricing of large industrial loads, which energy consumption could affect the integrity of the system, and which often did at peak periods having been given incorrect price signals from their dated development. Pricing based on real time and consisting of costs computed the day before, are more accurate of the cost consequences of these large users and therefore would induce a more appropriate demand response.

Thereafter, Mr. Holder provided financial consulting services to a large industrial company and chaired manufacturing, renewable energy, and broadband companies. He considers his philosophy for managing economies to be guided by a neo-progressive free-marketeering approach characterized by low regulatory interventions for purposes of safety, preventions of rent-seeking and corporate concentrations. To the extent that some may be disadvantaged or favored by free markets, he advocates providing basic income support to the former and heavy taxing of the surpluses of the latter.

Although this is his first venture at writing a Book, Mr. Holder writes regularly on various topics for periodicals.