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The need for a fresh approach to economics has made itself felt in an especially acute manner during the recent credit crisis, the aftereffects of which continue to linger, in the form of debt overhang, slow growth, and economic uncertainty. Politicians have yet to show that they understand what brought that crisis about, let alone that they have a solution to stave off reoccurrences. Common-law economics, which forms the meat of Common-Law Investing, shows that it is good securities, good collateral, upon which the entire economy is based, and that when this basis is undermined, crisis will follow. Keynesian prescriptions of government spending do not address this issue but only exacerbate the problem. For the undermining of the asset base through poor collateral destroys the capacity to borrow and lend, which is the core activity of any economy. And government spending only makes consumers and businesses even more reticent to borrow, either for consumption or investment. And it is private consumption and investment which drives economic growth, not government spending.
Common-Law Investing investigates these issues, and the looming "Keynesian Endpoint" for First-World countries unable to get their economic houses in order. It then turns to the alternative: emerging markets, where developing countries have served their apprenticeship in sound economic policy and are producing investment environments which promise rich returns.
Common-Law Investing will help you understand how the economy really works; how the First World countries are squandering their inheritance of economic freedom and prosperity; and how developing countries are the new frontier, holding the promise of an expanding middle class and dynamic economies built thereupon, of fiscally responsible governments and monetarily responsible currency regimes, offering the opportunity of golden returns on investment.
Common-Law Investing will help you to avoid the either/or of dead-end investing in failed economies, on the one hand, and the flight to "hard assets" of gold, real estate, antiques, artwork, which siphon off wealth from productive activity, on the other. It will provide you with a true alternative, beyond the Keynesian Endpoint.
Common-Law Investing will be shipping as of September 15, 2010.
ISBN (paper): 978-90-76660-12-7
Explore the web site: CommonLawInvesting.com