"Vladimer Papava has written an insightful account of the policy mistakes and successes of the economic transition in Georgia. This highly readable work flags mistakes pushed by outsiders, such as overly complicated regulatory legislation, and the failures of Georgia's own politicians, most notably, allowing a permissive climate for corruption."
-Dr. Keith Crane, Senior Economist, RAND Corporation

"Drawing on the Georgian experience, Professor Papava explores the transformation of Communist societies into market economies. Particular attention is paid to the problems presented by hopelessly uncompetitive industries (necroeconomy), the difficulty in establishing an effective tax system, and the successes and mistakes of the International Monetary Fund."
-Professor Louis Ederington, University of Oklahoma

"Necroeconomics presents a deep analysis of the lessons of economic transition in Georgia by a scientist and practitioner with a front-row view of the events. The book also provides a useful overview of economic thought on transition to market. It will prove equally interesting for economists and laypeople."
-Dr. Ben Slay, Director, Bratislava Regional Centre, UNDP

"Vladimer Papava has written an insightful account of the policy mistakes and successes of the economic transition in Georgia. This highly readable work flags mistakes pushed by outsiders, such as overly complicated regulatory legislation, and the failures of Georgia's own politicians, most notably, allowing a permissive climate for corruption."
-Dr. Keith Crane, Senior Economist, RAND Corporation

"Drawing on the Georgian experience, Professor Papava explores the transformation of Communist societies into market economies. Particular attention is paid to the problems presented by hopelessly uncompetitive industries (necroeconomy), the difficulty in establishing an effective tax system, and the successes and mistakes of the International Monetary Fund."
-Professor Louis Ederington, University of Oklahoma

"Necroeconomics presents a deep analysis of the lessons of economic transition in Georgia by a scientist and practitioner with a front-row view of the events. The book also provides a useful overview of economic thought on transition to market. It will prove equally interesting for economists and laypeople."
-Dr. Ben Slay, Director, Bratislava Regional Centre, UNDP

"Vladimer Papava has written an insightful account of the policy mistakes and successes of the economic transition in Georgia. This highly readable work flags mistakes pushed by outsiders, such as overly complicated regulatory legislation, and the failures of Georgia's own politicians, most notably, allowing a permissive climate for corruption."
-Dr. Keith Crane, Senior Economist, RAND Corporation

"Drawing on the Georgian experience, Professor Papava explores the transformation of Communist societies into market economies. Particular attention is paid to the problems presented by hopelessly uncompetitive industries (necroeconomy), the difficulty in establishing an effective tax system, and the successes and mistakes of the International Monetary Fund."
-Professor Louis Ederington, University of Oklahoma

"Necroeconomics presents a deep analysis of the lessons of economic transition in Georgia by a scientist and practitioner with a front-row view of the events. The book also provides a useful overview of economic thought on transition to market. It will prove equally interesting for economists and laypeople."
-Dr. Ben Slay, Director, Bratislava Regional Centre, UNDP

Sin, Excess and Vulgarity take dominant place in a Culture driven by makebelieve. Advertising, fundamental to mass marketing has captured the soul of those deceived, which soul shall be consumed.

What is artificial, is created for profit that will be captured by the Middleman. Rock music, sounds of pubescent Vulgarity, ignorance and madness abounds. There is nowhere to hide.

What was fine, sensitive and beautiful is eclipsed by the superficial and dumb. Childish symbolism dominates nevertheless; few seem aware, fewer care. What is entertainment and fun or what is buried in habit and custom is difficult to understand. Certainly, only a few are looking for what might be wrong, most participate in the lamentation.

Mayhem shown on Television is perceived a form of necessary distraction. Viewers imagine they are truthfully informed, keeping abreast of times. The youthful, eager Barbarians, as something of an oddity avoid virtue and Holiness. Those older and wiser are thought to take too much space on the Planet. The nation suffers from the consequences of Relativism and Socialist pretense, and the spreading of falsehood.

Who could imagine the outcome, from this untamed monstrosity? However, it is certain that Money, Murder and Madness will be prominent and Mendacity. Who knows what the future holds for any nation so spiritually and morally compromised? Evil did form the Medusa. Where is [our] Perseus?

Sin, Excess and Vulgarity take dominant place in a Culture driven by makebelieve. Advertising, fundamental to mass marketing has captured the soul of those deceived, which soul shall be consumed.

What is artificial, is created for profit that will be captured by the Middleman. Rock music, sounds of pubescent Vulgarity, ignorance and madness abounds. There is nowhere to hide.

What was fine, sensitive and beautiful is eclipsed by the superficial and dumb. Childish symbolism dominates nevertheless; few seem aware, fewer care. What is entertainment and fun or what is buried in habit and custom is difficult to understand. Certainly, only a few are looking for what might be wrong, most participate in the lamentation.

Mayhem shown on Television is perceived a form of necessary distraction. Viewers imagine they are truthfully informed, keeping abreast of times. The youthful, eager Barbarians, as something of an oddity avoid virtue and Holiness. Those older and wiser are thought to take too much space on the Planet. The nation suffers from the consequences of Relativism and Socialist pretense, and the spreading of falsehood.

Who could imagine the outcome, from this untamed monstrosity? However, it is certain that Money, Murder and Madness will be prominent and Mendacity. Who knows what the future holds for any nation so spiritually and morally compromised? Evil did form the Medusa. Where is [our] Perseus?

Greater than 50% of US households invest in the stock market, 70% are real estate "owners", and virtually all participate in the broader financial markets. As media devotes increasing coverage to the business of getting rich, an ever increasing number of people want to make fast, easy money. Yet few understand the many forces driving the "investment markets", and the majority of these investors are destined for failure. Fortunately for them, there is finally a resource available which thoroughly explains how markets function in the real world.

How many have wondered what was going on in Alan Greenspan's head as he attempted to guide the markets? And what might he tell the public if he was truly free to speak his mind? What Greenspan Can't Tell You tears down the barriers guarding the best kept secrets in the investment world-the great myths that are perpetuated by industry insiders, the techniques those insiders utilize to their advantage, the rationale behind Federal Reserve numbers, how those numbers influence and are influenced by the investment markets, and how the various investment markets interact with one another.

Greater than 50% of US households invest in the stock market, 70% are real estate "owners", and virtually all participate in the broader financial markets. As media devotes increasing coverage to the business of getting rich, an ever increasing number of people want to make fast, easy money. Yet few understand the many forces driving the "investment markets", and the majority of these investors are destined for failure. Fortunately for them, there is finally a resource available which thoroughly explains how markets function in the real world.

How many have wondered what was going on in Alan Greenspan's head as he attempted to guide the markets? And what might he tell the public if he was truly free to speak his mind? What Greenspan Can't Tell You tears down the barriers guarding the best kept secrets in the investment world-the great myths that are perpetuated by industry insiders, the techniques those insiders utilize to their advantage, the rationale behind Federal Reserve numbers, how those numbers influence and are influenced by the investment markets, and how the various investment markets interact with one another.

At the root of our problems is the relation of man to the land and his mental and physical separation from it. The most endurable structure would be built upon the Fatherhood of God, which the ancient Hebrews perceived as requiring the sharing among the entire people of the divine gift of land. While land rent has been acknowledged to be socially created, a theft by private interests of natural resources that belong to mankind in common, is protected and exalted as the fruit of effort and a basis of personal rights.

The First Definitive History of Land Economics stands in a tradition of social criticism that recognizes that land-rent income should be the tax base of the community and the means to eliminate poverty. The author hopes to do something towards overcoming a way of thinking that in the guise of defending property rights defends privilege in its robbery of Nature, labor, and life.

At the root of our problems is the relation of man to the land and his mental and physical separation from it. The most endurable structure would be built upon the Fatherhood of God, which the ancient Hebrews perceived as requiring the sharing among the entire people of the divine gift of land. While land rent has been acknowledged to be socially created, a theft by private interests of natural resources that belong to mankind in common, is protected and exalted as the fruit of effort and a basis of personal rights.

The First Definitive History of Land Economics stands in a tradition of social criticism that recognizes that land-rent income should be the tax base of the community and the means to eliminate poverty. The author hopes to do something towards overcoming a way of thinking that in the guise of defending property rights defends privilege in its robbery of Nature, labor, and life.

Pants on Fire explores the lies that govern America—why people go along with them and what it costs to do so. It reveals the plutocracy that benefits and examines what needs to be done to bring back a true democracy.

It’s no secret: The wealthy demand—and get—what they want from the system at the expense of everyone else. Seven key lies advance their agenda:

• The way to grow the economy is to stimulate the people at the top.
• Loose money is another way to grow the economy.
• The stock market is the best investment and the best economic indicator.
• Executive compensation is tied to performance.
• Regulation is bad; deregulation is good.
• Bailing out Wall Street was necessary to preserve the system.
• The health care question is about who pays.

These claims are driving the biggest economic crisis in modern history, and producing a society ready to explode with anger. Provocative and sometimes funny, Pants on Fire looks past the individual problems to the eventual, necessary solution.

Pants on Fire explores the lies that govern America—why people go along with them and what it costs to do so. It reveals the plutocracy that benefits and examines what needs to be done to bring back a true democracy.

It’s no secret: The wealthy demand—and get—what they want from the system at the expense of everyone else. Seven key lies advance their agenda:

• The way to grow the economy is to stimulate the people at the top.
• Loose money is another way to grow the economy.
• The stock market is the best investment and the best economic indicator.
• Executive compensation is tied to performance.
• Regulation is bad; deregulation is good.
• Bailing out Wall Street was necessary to preserve the system.
• The health care question is about who pays.

These claims are driving the biggest economic crisis in modern history, and producing a society ready to explode with anger. Provocative and sometimes funny, Pants on Fire looks past the individual problems to the eventual, necessary solution.

The era of hard money ended in the mid-20th century. Today every major industrial nation creates its own currency in the form of intrinsically worthless tokens known as fiat money. Most other forms of money are viable only to the extent they can be converted on demand into the government's fiat money.

Operating in a fractional reserve regime, banks expand the money supply by creating deposits as they issue loans to borrowers. Bank money is now the principal form of money used within the private sector.

Some economists believe fractional reserve banking creates serious problems for the economy in terms of inflation and the misuse of credit. The last essay in this book examines in some detail the basic properties of a fully-backed depository system and proposes a particular implementation.

The era of hard money ended in the mid-20th century. Today every major industrial nation creates its own currency in the form of intrinsically worthless tokens known as fiat money. Most other forms of money are viable only to the extent they can be converted on demand into the government's fiat money.

Operating in a fractional reserve regime, banks expand the money supply by creating deposits as they issue loans to borrowers. Bank money is now the principal form of money used within the private sector.

Some economists believe fractional reserve banking creates serious problems for the economy in terms of inflation and the misuse of credit. The last essay in this book examines in some detail the basic properties of a fully-backed depository system and proposes a particular implementation.

Through the ages gold clauses have served as protection from inflation. Americans, however, were forbidden by law to own gold from 1934 to 1974. As gold ownership is once again legal, it is now possible to use the gold clause to protect ourselves from the destruction of paper money.

This book explains exactly what gold clauses are, giving their background and how they have been used in the past. It documents how they were abrogated in 1934 and presents the legal cases stirred up over them. Most importantly THE GOLD CLAUSE thoroughly documents the current revival of their use, explains, why they are again valid, and details how to structure them avoiding the critical pitfalls such as state usury laws.

The only complete presentation of all the legal foundations for gold clauses , this book is an invaluable sourcebook for all who would use them, from laymen to legal professionals.

• Biblical truths that reveal God's plan for financial freedom
• A Step by Step debt elimination plan that works
• Advice on budgeting, saving, and investing

Lee Jenkins

Financial Advisor and Author

Taking Care of Business