Debt Free Prosperity

Four Rules for Freedom and Debt Prosperity The purpose of this book is to teach people how to manage their money to avoid debt and make future plans. This book introduces some recommendations or "laws", but focuses on four main recommendations. In order to deal with other "laws", you must first learn and master the first "pursuit" of your daily expenses. By doing so you can see how to mitigate financial problems by finding the funds that can solve the problem. They pay attention to every detail they use, they can not reduce frightening expenses when they think that it is unnecessary for them to spend money.

"We can have the central bank purchase all the government bonds (issuing reserves and bills) and say," Now the government has no debt. " Of course, it is not borrowing but only to exchange debts. Large scale quantitative easing policy It affects interest rate policy and automatically makes zero interest rate I will not necessarily oppose such policies, but should not be deceived by it. Dr. Stephen Hale said. "At least repaying it in the sense of repaying the total debt means to end the dollar What do you use to repay? Use net payment instead of paying the total amount To do

The national debt level is one of the most important public policy problems. If debt is used properly, it can be used to promote national long-term growth and prosperity. However, the national debt needs to be evaluated in an appropriate way, such as comparing the payment of interest paid to other government expenditure, or comparing the level of per capita debt. (For related materials, see the description of government bonds.)

Even at low interest rates, long-term debt outstanding in the US will seriously lead economic growth and will sharply lower America's prosperity. In the words of Reinhart, Reinhart, and Rogoff, "This kind of unrealistic debt plot reminds TS Eliot (1925) with" Hollow Man ": 'This is the world Europe is a long-term economic , Experienced economic crisis, there is no end. In addition to adopting a common monetary system, most institutional traps necessary for its survival are missing. Many people use huge artificial interest rates to gain huge government debt, as the euro indicates that there are similar European debt to all markets. It is Greece, Greece 's GDP ratio in 2010 is 145%, and in 2011 it was 165%.