National Accounts: Balancing Income and Expenditure
Fundamental reports relevant to today's problems and to a better future
Theme 'General Interest Rates, Share Prices and Pensions' showed that when interest rates increase then share prices fall. Hence government is under pressure to keep interest rates low.
However, if the country is failing to make ends meet, then short-term borrowing is a convenient way of raising the required funds for paying one's debts but interest rates increase accordingly.
Share prices then drop and the house of cards consisting of fictitious share values faces collapse.
And governments are not informing their populations of the enormous costs of importing sources of energy, are apparently trying hard to keep interest rates level or low, are attempting to balance national accounts by means other than short-term borrowing.
Means corresponding, for example, to selling the family silver or taking out a mortgage, like selling ownership or majority control of one's major productive and service assets into foreign control.
This report about National Accounts and the national Balance of Payments, in effect about good national financial management, was published in 1981. Its analysis and methodology are now widely accepted, world-wide, and can be of enormous help when considering the causes and effects of the US financial crisis.
Manfred Davidmann is an internationally well-known and respected scientist and author of a number of books and reports which have had and are having considerable impact. His work usually breaks new ground and opens up new understanding and is written in meaningful and easily understood language. Outstanding is that his work is generally accepted as factual, objective and unbiased.
The Site Overview page has links to all individual Subject Index Pages which between them list the works by Manfred Davidmann which are available on the Internet, with short descriptions and links for downloading.
To see the Site Overview page, click Overview