Currency and Civil Rights: The solution to the competitive devaluation of currencies of major central banks

Abstract: The Federal Reserve and other central banks, through large-scale asset purchase programs and unprecedented expansion of their balance sheets, have made excess currency issuance into an unbridled new historical stage, dramatically threatening the purchasing power of money and the property rights of citizens. It is a joint product of the monetization of government high debt and the new Keynesian monetary theory. This book uses a large number of facts and quantitative analysis methods to demonstrate the hypocrisy of relying on excessive money to stimulate economic growth, the absurdity of new Keynesianism, and, from the angle of combining economics and law, put forward the solution of fundamentally safeguarding the purchasing power of money and the property rights of citizens.