Core Viewpoint - The global economy is currently facing multiple challenges, including slowing growth, financial market instability, and limitations of traditional economic policies. The role of money in the economy is being re-evaluated, emphasizing its importance as a tool for national economic policy [1]. Group 1: Books Overview - "The Nature of Money: New Theories of Prosperity, Crisis, and Capital" explores the critical role of money in economic prosperity and crises, constructing a comprehensive theoretical framework that reveals the complex relationship between money, economic growth, and financial stability [4][5]. - "Long-Term Crisis: Reshaping the Global Economy" argues for global solutions to global problems, emphasizing the need for enhanced and inclusive technological progress, new macroeconomic theories, and reforms in the global governance system to create a fairer international order [8][9]. - "The Mother of Money and the Anchor of Risk: Decoding the New Logic of Modern Fiscal-Financial Relations" highlights the importance of the coordination between fiscal and monetary policies, asserting that understanding their intrinsic connection is essential for sustainable development [13][14]. Group 2: Key Insights from Books - Sufficient money supply is crucial for a country to respond to financial crises and ensure national security, as demonstrated by the U.S. during various crises, where increased money supply significantly bolstered economic strength [6]. - The understanding of fiscal sustainability has evolved, recognizing the long-term rationality of government debt, especially in low-interest-rate environments, where the focus shifts from repayment to interest payments [14][15]. - Modern monetary theory posits that fiscal sustainability primarily considers real economic resource constraints, with inflation being a direct limiting factor, thus redefining the functions of fiscal deficits and debt beyond traditional fiscal attributes [15][16].
2025年6月荐书 | 经济破晓 货币新思
Di Yi Cai Jing·2025-06-23 08:19