This book by David Kauder's provides some unique and interesting insights on macroeconomics and money in general. The topic of debt is such a complex and loaded topic but Kauder's approaches in an easy to understand manner( you don't have to have an economics background). This book is a not a light read or an easy read but its worth the read. Thanks to Netgalley and the publisher for an ARC in exchange for an unbiased and honest review.

This book by investment manager David Kauders, analyzes the current economic system, and offers some criticisms and suggestions. The book has four parts, with ten main chapters Part One describes the current problems with the world economic system, Part Two has some case study examples, Part Three reviews existing proposed solutions and their limitations, and Part Four describes the effects of the pandemic, and deflation. The book starts with a “Definitions and Explanations” section, which is helpful in clarifying some terms and concepts.

I feel like I should stress that if you do NOT have some background in the financial sector, or if you haven't studied economics before, this might be a slow and difficult read. I actually found it beneficial to go back and reread two other economics for beginners books, before coming back and finishing this one. I wanted to make sure I had a firm grasp on the concepts, and what the conventional strategies were regarding the central banking system, before trying to digest Kauders' take on the matter.

One of the author's main points seems to be that credit can not be created forever, because there reaches a point at which the debt level of a society makes repayment of the debt impossible. Kauders discusses this and other ideas, including the economic strategies of governments to deal with the pandemic, the true cost of debt, and economic cycles cause by central banking policies. His ideas about modern monetary theory and pensions are interesting, although some of his recommendations seem very unlikely to ever be adopted.

The book is actually very short, but again, if you are not familiar with these economic theories then it could still take a while to get through. I thought that Kauders made some good points, but I also feel like I need to study a bit more before I'm informed enough to agree or disagree with him. If you do have a background in economics, and would be interested in hearing some unconventional ideas , then you might want to read this book.

A very good book about the financial system. How debt works. How debt works and has worked for and against various countries at various times. Highly recommended!

One of the most fascinating book I've ever read ! It is like a travel in time, the numerous extracts of letters from well introduced legendary people is cleverly linked to our emotions, as a reader.
I am recommending this book, and will, It is a must in one's library and to be transmitted to next generations.

<i>The Financial System Limit</i> is a provocative and concise work of macroeconomics that wrestles with the toll that private and public debt have on economic output. The author David Kauders is clearly an interesting, heterodox thinker. After describing what he sees as the problems of debt (in terms of the wasted economic activity on interest payments and subsequent deflationary pressures), he offers a few marginal solutions for moving forward to a radically different political economy beyond debits and credits.

It was interesting to read a contrarian take on debt, especially given the current popularity of MMT. Kauders criticisms of MMT and Piketty's work are interesting. However, I would have liked to have seen greater depth on all issues in the book. The work races through too many weighty, complex issues without providing the rigorous examination they require. It makes the arguments and ideas of the work appear a little underdeveloped. Additionally, the work is written at a level where readers must have prior exposure to financial and economic terminology.