FUNDAMENTAL ISSUES OF THE MONETARY AND CREDIT THEORY AND POLICY: A Reading for Prime Ministers and High-ranking Bankers

Dear Reader,
You are holding in your hands a book, a treatise, which is much more different than the entire economic scientific literature released during the last several decades. In it you will not come across the next consecutive praise of market fundamentalism and trouble-free “gliding” on the surface of economic processes and relationships, and surmounting of everything that is essential and deeply substantive, but not pleasing to the authorities.
Although it is dedicated to the monetary and credit theory and policy, in this book you will not read how to make money out of nothing in the easiest way, how the speculative price increases are science-like substantiated, how a fictitious economic growth is reported, etc… At the expense of this you will learn many long forgotten and completely new things in terms of the nature of money as an all-embracing equivalent – an expression and bearer of definite economic and social relationships; you will find an explanation of their huge power over people at present. You will read why and how economy and society can be managed efficiently. You will also find out the key dimensions of the future global money.
You will learn many new and forgotten old aspects of the nature of credit and interest, which will give you an explanation why contemporary politicians and administrators erroneously utilize them and instead of being positive, the results of management are completely negative.
Based on this we further unveil the nature of banks not just in their traditional fundamental aspect, but also in their genetic and managerial light. You will get to know how a contemporary bank may turn from an engine of economic and social progress into a generator of financial crises and deflationary disasters.
You will learn that inflation is not just “a systematic and incessant increase of prices” as it is interpreted in economic theories, but it is a form of manifestation of the basic and all-embracing laws of market economy. This provides us with the opportunity to successfully combat it. Finally, you will get to know the fundamental causes and driving forces of the current global financial crisis and the ways and means of its surmounting.
Knowledge of these issues is obligatory for those politicians, administrators and financial managers who in fact govern contemporary economy and society. This knowledge is also necessary for all the rest who wish to evolve along these lines as managers.
This book would not have seen daylight without the positive review of Professor Delcho Radev Poryazov who undoubtedly is the founder of the Svishtov monetary and credit school, and my teacher as well. I would like to kindly thank him.
We hope this book will be of use to you. Enjoy your reading.
June 30th, 2013