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How to end to the debt crisis in one month

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  • Punabantu, Siize

Abstract

The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level economics. The consequence of this is that leaders around the world and the governments they oversee today are being misled by the very fundamental approaches in contemporary economic theory they are advised will protect their industries and citizens.

Suggested Citation

  • Punabantu, Siize, 2011. "How to end to the debt crisis in one month," MPRA Paper 32683, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:32683
    as

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    File URL: https://mpra.ub.uni-muenchen.de/32683/1/MPRA_paper_32683.pdf
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    References listed on IDEAS

    as
    1. Punabantu, Siize, 2010. "The Origin of Wealth," MPRA Paper 24730, University Library of Munich, Germany.
    2. Punabantu, Siize, 2010. "Financing the doubling of GDP in one year at constant price," MPRA Paper 24132, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Scarcity; banking; credit creation; banks; resource creation; implosion; wobble effect; economic thought; poverty; wealth; equation of exchange; money; price; mark-up; cost plus pricing; rationality; operating level economics; economic growth; expenditure fallacy; paradox; economic operating system;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • D10 - Microeconomics - - Household Behavior - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • G01 - Financial Economics - - General - - - Financial Crises

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