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This powerful and compassionate book follows a family’s journey through the turbulence of parental addiction—and the moments of connection and healing that break through the dark days. Reese is a seventh-grader in rural North Carolina who loves drawing, basketball, his hardworking mom, and his charming, charismatic dad. But then one day, he comes home to his worst nightmare – his dad on the floor, lips turning blue, overdosed. Again. Reese calls 911 and gets his dad out of danger, and he expects to go on as before. But for his mom, this is the breaking point, and she declares that she and Reese are leaving until Reese’s dad gets real help with his addiction. They move to a rundown tr...
A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts. The fiscal theory is well suited to today’s economy: Financial innovation undermines money demand, and central banks don’t control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book p...
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Reprint of the original, first published in 1883.