THE BOOK Draft 171

It has proved very difficult to write this book.

I have re-started many times.

This was only one attempt.

The problem is trying to say things in the correct order and so make it totally logical.

If that is how you want it to be please check out my new website.

I am now almost there.

Sorry for any inconvenience caused.

Cartoonist wanted to make it memorable.

New Title
Reshaping Economics
Back to Basics

Followed by the same words

Alternative possible Title:

Economies are Designed to Crash
Taking everyone down with them

Volumes 1 &2

A simple explanation of how economies work, fail to work, and what can be done.

Very Practical.
Approved by high calibre professors and central bankers

Written in Plain English so that everyone can understand

Economics is easier than people think. It all starts with there being nowhere safe for savings. No safe way to borrow. No investments that are not over-priced. Unsafe currency value, and volatile interest rates. It is a matter of the way things are done. They are ignoring well understood basic principles that anyone can understand. 

This book tells the personal and business story of how everyone can live a simpler, better, and safer financial life. That is, if we take charge and persuade our leaders to replace the old savings and loans contracts and make basic changes to a few other things that put our financial lives and the good health of whole economies at risk.

Most of the complexity that we see is created by the regulations, laws, taxes and other badly designed parts of the economic framework. That includes banking, money creation, and currency pricing methods. Where we should have simplicity based upon well understood basic principles, we have systems that over-ride those basics. This creates chaos and vast social and family devastation on a world wide scale. We get extremist politics. Something has to be done.

Andrew Pampallis, Retired Head of Banking at the University of Johannesburg wrote, “When people realize what you have done all hell will break loose.” He means that every financial institution will have to make changes.

Azam Ali ex Senior Economist, Bank of Pakistan, writes, “I am following your endeavours in rewriting the economic framework with great interest. In principle, I am on the same page with you on all the issues you raise.”

Dr Rabi N. Mishra, Economist, and a Chief General Manager, Reserve Bank of India writes: “This book will inspire rethinking on the perimeters of economic thought and theory, and their practical use in policy making. A ‘should-read’ for budding researchers in Financial Economics to expand its horizon.” 

Professor Evelyn Chiloane-Tsoka from the University of South Africa, says “These ideas will become prescribed reading at universities.”

Alan Gray, Editor-in-Chief, NewsBlaze, writes, “The Macro-economic Design group’s elegant solution is so simple that it has eluded the big economic thinkers of our time, because everyone was looking for a complex solution to a complex problem.”

The first economist to read the draft main book herein described it in one word, “Superb”. The second one wrote “It reads like a Novel”. Yet it remains fully academic. The first publisher to read it wrote, “The reader is compelled to keep turning the pages.”

The whole book took four decades to research, and another decade to discuss, and write.  The findings are those of  the Macro-economic Design Group [1] 


Front cover by Carey Waters
ISBN 978-0-7974-9556-2
First published xxx Early 2015 by yyy


“It always seems impossible until it is done”

-       Nelson Mandela



To all our futures





It is if we were all travelling in a bus or a ship that has no way to ride smoothly over the ocean waves / changing terrain.


The answer is simple – let all prices, savings, debts, currencies, etc. adjust to the changing levels of demand inflation / deflation in the economy.

The present framework prevents this from happening smoothly. It ignores well known basic principles.

It creates chaos on board the economic ship.

All the passengers get tossed around. Horrible social and political consequences follow. Billions of people suffer. Businesses get destroyed and families are torn apart.

The captains constantly seek more and more complex ways to address these man-made problems. Sometimes that adds to the confusion.

All we need to do is to get back to the basics of financial design so that we can all enjoy a simple and reliable financial way of life.



By Ben Carter

Edward Ingram is an ex student of systems control engineering who converted to being a financial adviser, and a superbly successful investment manager. After four decades of observing and coping with the faults in the financial system….

…by devising mathematical formulae to aid and support basic economic principles for real time economic growth, he shows that the whole savings and lending sector is off course. And he shows how it can be shifted to being safe and reliable for all participants.

His analytical ability has also enabled him to find alternative solutions for international trade - issues such as exchange rates which affect the pricing of one third of global output. And a safe new way for money creation that sets interest rates (the price of money) free to create the necessary balance.

His skill at finding distortions in the financial and economic architecture and solving the same through alternative innovation is unprecedented. No one has previously made a comparable contribution.

He is an economic crises doctor with medicine to stabilize or cure real-time ailments that normally put people in jeopardy with their savings, borrowing, and all kinds of business plans.

Edward Ingram’s new approach overtakes conventional thinking which simply tries to control an unmanageable economic and business environment.

He introduces the concept of minimum disturbance as these new financial services and methods are introduced so that there is always an immediate and positive benefit.

Taken together these remedies challenge the belief that people’s personal and business plans and whole economies are by nature unstable.

Everyone should be able to enjoy a significantly more secure financial life for themselves, their families, and their businesses.

The widespread financial disasters that overtake so many, in the process passing their wealth to the bankers and others through no fault of their own, will end. 

Ben Carter is an American activist who wants to have these ideas adopted in order to solve problems that otherwise seem insoluble.




There are three obvious areas where change is needed. In each case it is a failure to allow prices, costs, and values to adjust to the changing environment in the undistorted way that they should do.

SAVINGS AND LOANS – Discussed in Part 1

The savings and loans contracts do not even mention the devaluation or revaluation of money. They calculate the costs of repayments as if nothing is changing. When change happens the payments jump around and recalculate as if that was a once only mistake and that thereafter nothing will change – until next time.

Costs and interest rates and property values get distorted and do not behave like the rest of the economy does. People get hurt, houses get repossessed, businesses fail, and savings and pensions get devalued or lost - among other complex consequences.

When one thing is done wrongly in a complex system there are many follow-on and unwanted complex consequences. When it is corrected dozens of problems disappear. Everything simplifies.

Volume 1 is descriptive of all this with some tabulations that show the errors.

Volume 2 begins with an exciting personal biography of how the discoveries were made and how it felt to be the first person to see such important things that were never known before. Volume 2 goes on to give the elementary mathematics behind solving the problem.

In both volumes, the implications for policy-making in both developed and developing economies are explained. That includes Europe, Greece, and so forth.


There is a very loose mechanism in place for managing the level of borrowing and total spending in our economies. The control mechanism used (managing interest rates) is fundamentally flawed.

Interest rates are a price. They should not be tampered with. The price of borrowing should stabilise the level of demand for a limited supply of credit / borrowing.

Without this limited supply of money to borrow, and the resulting fairly stable level of interest rates, (used to match supply with demand), economies boom and bust.

People and businesses get caught up in this. Future levels of demand are not predictable beyond the next few years. Or even next year at times. Pensions and savings are not safe. Interest rates are not safe. Longer term planning is not safe. No one is really safe. The economy is not safe and politics is not safe: during a prolonged recession like we have now extreme parties and violent groups take root and grow.

The solution is shared with some other research groups one of which took almost exactly the same path to solving the problem, unknown to either group. That group, ‘Positive Money’ now has a representative in the Treasury Select Committee at the House of Commons in the UK, Steve Baker MP.

A short term recovery strategy based upon a managed introduction of the new debt structures is given in these volumes. The main problem is super-low interest rates and inflated asset values, together with currency value adjustments which get tangled up with all this.

One thing done wrongly leads to a complex and chaotic situation that few people are qualified to unravel or to understand. Putting that right can remove the problem for future generations and simplify everything.

CURRENCY PRICING – Discussed in Part 3

The price of a currency is supposed to reflect ONLY the balance of trade. It is not supposed to be complicated. One price for one activity.

In practice, governments get tempted to find short cuts to boosting economic growth by meddling with the currency. The result is a complex system which enables them to do that. Even if they have no intention of distorting the world economy, it happens. It creates chaos at many levels and it unwinds. There is no real control that is possible. There are simply not enough resources to manage any particular currency value. We are talking in trillions.

A third of all business activity in the world (worth around 20 trillion dollars) cannot predict the price at which they are going to trade next year or the years thereafter. Long term planning is irresponsible and dangerous.

Trillions of dollars’ worth of investment in international trade industries and tens of millions of jobs are put at risk.

Allowing the price of currencies and the amount of money in circulation to behave in the proper way in all economies will remove most of the chaos and damage. It will simplify everything.



The cost of borrowing can be adjusted as the value of money changes. Savings and borrowing will be much safer.

The Amount of credit and money in circulation can be managed, allowing interest rates to adjust. There will be a calmer economy which is predictable if the above and below problems are also addressed.

The right to invest in another country’s investment markets can be made conditional upon the investor first bidding for a share of the target nation’s currency, protecting the money supply of each nation. This will calm currencies As well as the level of demand in the world’s economies.




This book explains the world’s major economic problems in plain English rather than using highly technical language that only economists and financial experts can understand.

The writer and his various supporters and review teams have found that the world’s economies are being battered by automated chaos caused by the structure / architecture of the economies of nations.

There is little need for a knowledge of economics to understand how this works. Everyone who has a big loan, or a business, or savings and investments, knows how such chaos affects them personally.

Every reader will soon understand why, if some basic things get changed, they will be financially safer. At least, that is the intention.


Some people fear that making changes could make things worse not better. That issue has been powerfully addressed early on. It is entirely mistaken. It is no more real than to say “I would prefer to continue to ride in a bus with square wheels in case fitting round ones makes things worse.”

THE MAIN BOOK- Breakfast in the Mountains

The MAIN BOOK is about how it was explained to a group of non-financial church people at an Easter Retreat in the Mountains – over breakfast.

It did not take long. They loved it. They asked when the book will be published.

One reader of the drafts asked whether there had in fact been any such ‘Breakfast in the Mountains’ or was this just a useful fiction?

Fact: it happened.[2] The listeners were fascinated. They understood how much it would help them personally if some simple things were changed. They asked when the book will be published.


Seven preliminary chapters, chapters 3 to 9, have been added as an introduction for economists and readers from the financial sector because if we are to get these changes made we must carry them with us.



All readers may like to have a look at Chapter 8.

It is easy to read and makes a very clear point.

This Research Group, Directors and Associates, formalised as IngramSure (UK) Ltd, are also listed in the Acknowledgements herein. Like the author, most of them are expert people who understand how the laws and regulations and the way things are done automatically makes everything unstable, putting all their clients at risk.

to be continued....

The previous draft is being changed and more pages will be added here shortly.

The book is something way ahead of its time, addresses all the major current issues bar the wealth gap (it gets some attention too) and it is very practical. It can and it must change the world for the better. ASAP

See the clicks for that at the end of this web page.

Another Suggested new wording for the front cover:


Do you like that one better?


  1. I have just visited your website and found your site is really very interesting. Yes I agree with your point that proper security of dropbox. Thanks for sharing your info with us and please keep updating us.

    Norton Antivirus Support | MacAfee Antivirus Support

    1. Angel thak you for your comment. You can stay updated in various ways:

      Alternatively join my Discussion Group at LinkedIn called Macro-economic-design

      And connect with me so that you get any circulars sent to my connections.