How to Read XYAB Economics: A GOLD Libertarian Analysis of Money, Trade, and Freedom DOC
The central thesis of this book is that capitalist free market economics has the ability to completely end poverty within the next 30 to 400 years if it is allowed to function as it is designed, freely and without government regulatory interference and burdensome taxation. This book explains, using detailed economic theories which are articulated in an easy to understand and simple way, why an end to destructive taxation and excessive regulation will make everything cheaper. The book shows what it means economically to be cheaper or more expensive, and presents an explanation why when things become cheaper this causes private deflation. This private deflation benefits the poor in relation to how few dollars they own by increasing the purchasing power of each dollar relative to the amount of underlying value in the entire economy which is capable of being purchased by the pool of all dollars available to purchasers.This book proves that taxation and regulation are equivalent to theft and can only destroy wealth, and argues that once we get government out of the way we can achieve something called the upward spiral in which each marginal unit of value that is produced by the economy will lead to new additional units of value also being produced thereby leading to exponential growth. This book, which is organized as a collection of short essays, gives hard numbers and precise mathematical calculations demonstrating that this growth can eliminate poverty. It explains why socialism, defined as the equal redistribution of all wealth from the rich equally to all members of society, cannot possibly eliminate poverty but will instead cause the destruction of vast amounts of wealth without any long-term corresponding benefit. The book insightfully demonstrates the contract and status theory, which says that capitalism is perfectly fair for everyone because it is not a caste system and no class is entitled to government-granted status.Sceptics and doubters will say this book is overly optimistic and cannot be true, but the book addresses criticism rooted in cynicism and skepticism, by skillfully arguing that today’s world and the progress that made it would seem impossible to someone who lived 800 years ago, just as tomorrow’s world seems impossible to us, but it can and will happen. The analysis draws upon the Libertarian economic theory called G.O.L.D. (Guiding Our Liberty’s Defense), which uses trade, supply and demand, the correspondence theory of money, and the choice theory of value, to understand the economy.Necessary reading for any serious student of free market economics.
