“Optimal Money Flow” by Lawrence C. Marsh will be featured at the Tucson Festival of Books 2022

“Optimal Money Flow” by Lawrence C. Marsh (Avila University Press, 2020) will be featured at the Tucson Festival of Books on March 12-13, 2022, at the University of Arizona Mall, Tucson, AZ.

The book reveals that so much money has been diverted to Wall Street that the people on Main Street can no longer afford to buy back the value of the goods and services they produce at full employment. So they go deep into debt. But even that is not enough to avoid recession, so the government runs a deficit to make up the difference.

Marsh introduces a new money flow paradigm that requires that the government assume its rightful responsibility to direct sufficient money flow from the top to the bottom of the wealth pyramid in order to maximize employment, economic growth, and efficient resource allocation. In a healthy economy, the money flows naturally back up to the top in a circulatory flow.

“Optimal Money Flow” provides an abundance of stimulating, original ideas for readers who appreciate books at the intersection of economics and politics. Marsh proposes creating a personal digital currency Federal Reserve bank account with smartphone access for every American. This new policy tool would serve as an alternative to the Fed buying US Treasury securities in New York financial markets, which just lowers interest rates and boosts stock and bond prices. Overall, it is a new policy tool that uses less money and has a more direct and immediate impact on consumer demand than the purchase of US Treasury securities.

With the new policy tool, Marsh believes the government can contribute to the efficiency of the free enterprise system by better aligning marginal costs and marginal benefits and that in the long run, the government can greatly enhance efficiency, productivity, and economic growth.

Interested? Learn more about “Optimal Money Flow” by Lawrence C. Marsh available on Amazon and visit the upcoming Tucson Festival of Books.

Optimal Money Flow: A New Vision on How a Dynamic Growth Economy Can Work for Everyone
Author | Lawrence C. Marsh
Genre | Politics & Political Science, Economics, Public Policy
Publisher | Avila University Press
Published date | June 16, 2020

Author Bio
Lawrence C. Marsh, author of “Optimal Money Flow,” is a professor emeritus in the Department of Economics at the University of Notre Dame where he taught economics for 30 years. He served as director of Notre Dame’s Ph.D. program in economics for 13 years. In retirement, he served in 2010 as visiting professor of econometrics and statistics in the MBA program at the University of Chicago’s Booth School of Business and in 2016-2017 at Avila University in statistics and research methods in psychology. His public webpage is: http://sites.nd.edu/lawrence-c-marsh/home/.

Professor Marsh will forgo author royalties and donate the entire book price to student scholarships for books purchased through Avila University Press at https://www.avila.edu/optimal-money-flow/

More information can be found at https://optimal-money-flow.website Sign up for Dr. Marsh’s monthly Money Flow Newsletter at https://optimal-money-flow.website/

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