Manipulating the World Economy: The Rise of Modern Monetary Theory & the Inevitable Fall of Classical Economics - Is there an Alternative?

Martin A. Armstrong's book, "Manipulating the World Economy: The Rise of Modern Monetary Theory & the Inevitable Fall of Classical Economics - Is there an Alternative?" offers a unique perspective on the global economic system. In the book, Armstrong argues that classical economic theories are no longer sufficient to explain the complex workings of the international economy. He proposes that modern monetary theory (MMT) is the key to understanding and fixing the current economic issues facing the world.

Armstrong provides a historical overview of classical economic theories and shows how they have failed to predict and solve the economic problems of the past few decades. He then introduces MMT, a relatively new economic theory that emphasizes the role of government in managing the economy through fiscal policy.

The book also delves into the current state of the global economy, including issues such as inflation, unemployment, and the growing wealth gap. Armstrong offers solutions to these problems using MMT principles, including government investment in infrastructure and education, as well as the implementation of a universal basic income.

Overall, "Manipulating the World Economy" is a thought-provoking and informative read for anyone interested in economics and the future of the global economy. Armstrong's bold predictions for the downfall of classical economic theory and the rise of MMT make for a compelling read, and his solutions to the current economic issues facing the world are sure to generate discussion and debate.

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