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Written by a French-Swiss economist who has served as the head of the trading floor of various Swiss banks, this book is a critique of the neoliberal obsession with public deficits. The author argues that the concern with deficits is largely a mask to disguise an urge to slash public budgets on the backs of the public. He provides a Keynesian analysis of the role of deficits in national economies, discusses how Central Banks can utilize their powers to stave off depressions, assesses the financial causes of economic crises, and presents alternative approaches to the austerity recommendations of the neoliberals. Annotation c2013 Book News, Inc., Portland, OR (booknews.com)
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Michel Santi is a French-Swiss economist who advises central banks and international institutions. He was formerly head of the trading floor at several Swiss banks and managed his own investment management firm in Geneva.
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