Fragile Prosperity: Australia's gigantic monetary gamble

'Fragile Prosperity' presents a new perspective on the past five decades of economic policy in Australia. This book shows that in important respects the basic pillars of this policy are misconceived, resting on fundamental misunderstandings of money, taxation and fiscal accounting. Monetary and fiscal policies in Australia are reappraised, along with the nation's program of financial deregulation: a gigantic experiment in modern money. A new understanding is presented of the causes of infla...