Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy

Front Matter....Pages i-xvi
Front Matter....Pages 1-1
The Greatest Pyramid Scheme since the Time of the Pharaohs?....Pages 3-8
From Economic Miracle to Credit Crunch: Thirty Years of Self-Delusion....Pages 9-19
Front Matter....Pages 21-24
A Mediaeval System of Accounting....Pages 25-36
Fair-Value Accounting and Balance-Sheet Myopia....Pages 37-46
The Market-Value Delusion and the Credit Crunch....Pages 47-59
Front Matter....Pages 61-64
The Topsy-Turvy Wonderland of Single-Gear Economics....Pages 65-75
Traffique: The Praeheminent Studie of Princes....Pages 76-83
Capitalism and Socialism: The Fatal Conceit....Pages 84-92
A Genuine Free-Market Alternative....Pages 93-98
Front Matter....Pages 99-101
Income Tax: A Two-Hundred-Year-Old Myth....Pages 103-107
The Assessed Taxes....Pages 108-115
Not So Much a Tax, More an Anti-Avoidance Provision....Pages 116-125
The Growth of the Monster....Pages 126-135
Front Matter....Pages 137-140
Economic Efficiency or Social Justice?....Pages 141-148
Taxation and “The Law of the Market”....Pages 149-159
Pay As You Spend....Pages 160-171
Pay As You Spend: The Social Justification....Pages 172-180
Pay As You Spend: The Economic Justification....Pages 181-191
Front Matter....Pages 193-195
Toxic Economic Theory and Global Recession....Pages 197-203
Back Matter....Pages 205-253