To My Polis, With Love

Name: To My Polis, With Love
ISBN: 9781438288024

Publisher:: Createspace Independent Pub
Release Date:: 1 November 2008
Status:: Check Availability
ISBN:: 9781438288024

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The first set of essays deal with the revitalization of the city of Gloucester and maintaining the fishing industry in that city.Gorga's most up to date exposition of this problem takes place on p.60.The title of the article is " Three Integrated Ideas for Gloucester's Resurgence ".Gorga discusses the necessity of enlarging the tax base of the community by implementing 3 projects that all have positive, interactive, feedback effects that reinforce the positive impacts of the others considered individually in isolation.The second set of essays were first published on the Internet.An interesting essay from this part of the book is Gorga's "Bottom -Up Monetary Policy ".Here Gorga emphasizes the fact that money can be created either as a debt or an asset.It is immensely important because the current mode of finance allows the commercial banks to create money as a debt.There is a double or triple whammy here for the rest of society after the initial creation of money because the banks prefer to lend to speculators to create financial wealth[like CDO's (collateralized debt obligations)or credit default swaps(a type of derivative) which Warren Buffett correctly characterized as the equivalent of weapons of mass destruction] and not lend to those who create real wealth( businesses that create goods and services). Part III essays cover the fundamental problem of hoarding.Hoarding behavior has negative consequences for the community or economy as a whole.The best way to describe hoarding behavior is to concentrate on the holding or loaning of money,not to purchase present or future consumption or investment goods,but to make money by leveraging one's hoard in order to make even more money.This process can be repeated indefinitely over time.The inevitable result is to create a bubble.Unfortunately,all such bubbles deflate ,causing panics and crashes.The result is economic recession or depression.Gorga is the preeminent authority on hoarding and its negative impacts. Part III essays cover the fundamental problem of hoarding.Hoarding behavior has negative consequences for the community or economy as a whole.The best way to describe hoarding behavior is to concentrate on the holding or loaning of money,not to purchase present or future consumption or investment goods,but to make money by leveraging one's hoard in order to make even more money.This process can be repeated indefinitely over time.The inevitable result is to create a bubble.Unfortunately,all such bubbles deflate ,causing panics and crashes.The result is economic recession or depression.Gorga is the preeminent authority on hoarding and its negative impacts.

ISBN 9781438288024

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