P J R M I

J O T
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M O R G A N A
To: 10 Downing Street
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I T ´ S A B O U T B A L A N C E London
U SW1A 2AA
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To: The Prime Minister the Rt Hon Boris Johnson MP.
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N Regarding: New Economic Model and New Economic Tools.
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Thursday, 26th November 2020.

I am a macroeconomist and have my own school of economic thought 'Morganist Economics'

which the British government uses extensively. I can release more economic work and enable
an entirely new economic model that uses originally developed economic control tools. These
new tools can generate economic growth to prevent the need to make government spending
cuts or raise the rates of taxation. The aim is to reduce the government debt as a percentage of
GDP by increasing economic growth to avoid the need to implement hard economic reforms.

I have submitted a letter to the Chancellor of the Exchequer which presents my solution to the
increasingly high levels of government debt. The letter was sent with a business proposal that
offered the development of a new pension economic control organisation and a new range of
pension products. Enclosed is a copy of the letter sent to the Chancellor of the Exchequer for
your perusal. I have also enclosed two articles I have written that elucidate a 'Missed' aspect
of macroeconomics called 'Pension Fund Easing', which will provide extra economic growth.

I can develop a new economic model that operates outside of monetary and fiscal policy, both
of which have become constrained. There are also many Treasury cost efficiencies which can
be achieved through the superior management of the pension saving and investment process.
I have a website which contains the paper, 'The Missed Aspect Of Macroeconomics - Pension
Fund Easing', on the page entitled 'Pension Fund Easing'. I encourage you to review the paper
and read the other resources on my website, which includes internationally published articles.

I have also provided a book portfolio that is available for the public to purchase at all leading
online bookstores. My work has already been used massively by the British government but it
offers so much more potential. I can offer a completely new economic paradigm that allows a
way out of the extreme levels of government debt the Coronavirus has caused. I aim to avoid
the potentially consequential outcomes that accompany alterations in interest rates or taxation
and I present to you in this letter an alternative method of handling this harsh economic crisis.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
P J R M I
J O T
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G S
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M O R G A N A
To: HM Treasury
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I T ´ S A B O U T B A L A N C E The Correspondence and Enquiry Unit
U 1 Horse Guards Road
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London
B SW1A 2HQ
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N To: The Chancellor of the Exchequer the Rt Hon Riski Sunak MP.
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Regarding: New Economic Model and New Economic Tools.

Tuesday, 24th November 2020.

I am a macroeconomist and have my own school of economic thought 'Morganist Economics'

which the British government uses extensively. My work has been used to reform the pension
system and develop an alternative macroeconomic control technique using alterations in the
pension saving allowances. This has proven effective in application over the last decade with
economic growth target rates being achieved and inflation being controlled. The work could
be taken much further with the development of a new pension economic control organisation.

I can provide the government with an entirely new macroeconomic control mechanism and
an entirely new economic model. The new economic model would provide originally devised
economic control tools and techniques that have not been used previously. This resolves the
limitations of monetary and fiscal policy, which have become constrained due to the high
levels of outstanding private and public sector debt. The limitations of stimulating economic
growth through lowering interest rates or reducing taxation can be overcome with innovation.

I have been working on a new range of pension and banking products that could revolutionise
how the economy operates. The introduction of a new pension economic control organisation,
with new pension schemes and pension products could be used to enable a new dynamic to
determine how the economy develops and invests its resources to optimise output. A possible
solution to the Coronavirus caused recession is to stimulate economic growth and shrink the
debt as a percentage of GDP, which is a viable option if new economic growth tools are used.

I can provide you with an completely new economic paradigm, which offers the opportunity
to outgrow government debt as a percentage of GDP. This will prevent the need to make cuts
in government spending or to increase taxation to repay the public sector debt. My school of
economic thought currently operates alongside monetary and fiscal policy to achieve the set
economic targets in the United Kingdom. I offer you a business proposal, which is enclosed,
to use my economic control mechanism and economic model, I eagerly await your response.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
Pension Fund Easing.
By Peter Morgan. 15:02 25/07/2020. Published By Morganist Economics.

Pension fund assets make up a large segment of the overall investment market. The size of
the existing pension saving investment asset market provides an opportunity for an innovative
macroeconomic control tool through altering or rearranging how the funds are utilised.

When investments are placed money is transferred to another organisation to spend on the
agreement that the funds are repaid at a later date or a percentage of ownership of the entity is
given to the investor. The use of the funds invested varies from one organisation to another.

Depending on how and when the funds invested are spent the velocity of transactions can be
increased or decreased. The greater the number of transactions in an economy during a period
of time the higher the level of demand generated, more transactions equals more demand.

By selecting organisations that offer a faster or slower investment transaction velocity it is

possible to increase or decrease overall economic demand. The mechanism could also be
used to control excessive aggregate price inflation or depressive aggregate price deflation.

This pension investment fund spending velocity mechanism can be made possible by the
introduction of a pension fund investment 'Requirement'. The use of 'Required' pension fund
investments enables economic control by rearranging pension fund investment composition.

The first option to alter the velocity of transactions through pension fund investment changes
is by managing the movement of investments into and out of an economy. Keeping money in
an economy will increase demand, taking money out of an economy will decrease demand.

The second option to alter the velocity of transactions through pension fund investment is to
invest in entities with faster or slower rates of spending. Usually debt funds such as credit or
bonds spend money faster due to the cost of interest deterring borrowing until the need arises.

The third option to alter the velocity of transactions through pension fund investment is to
invest in fixed or variable return financial assets. Fixed investment returns pay the same set
interest at regular intervals providing a preset income for investors and overall price stability.

There are three options available to control economic growth and aggregate price stability
through a 'Pension Investment Fund Requirement' that determines where or how pension fund
assets are invested. I term this 'Pension Fund Easing', as it is similar to Qualitative Easing.

Qualitative Easing is a tool used by central banks to control the level of economic growth or
overall prices for goods. The technique changes the funds held on a central bank's balance
sheet to impact the level of demand in an economy by switching to more or less risky assets.

Pension Fund Easing could be performed by setting a Requirement for the existing pension
fund assets to be transferred into the appropriate investments or by investing the funds from
new pension contributions into the appropriate investments needed to meet economic targets.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.
Using Pension Fund Easing To Close The Government Spending Deficit
And To Reduce The Overall Government Debt.
When government spending exceeds government revenue over a specific period of time the
excess government expenditure is referred to as the government deficit. The government
deficit is only the amount of overspending a government generates over a set period of time,
which is different to the government debt. The government debt is the total amount of debt
the government generated throughout the entire period of time that it began to borrow money.

To be capable of paying off the outstanding government debt the government deficit has to be
closed by increasing government revenue until it surpasses governmental expenditure, when
government income exceeds government spending it is referred to as the government surplus.
Once the government is in surplus the excess income can be used to pay off the outstanding
government debt, this is the traditional method of reducing the total government debt to GDP.

There is another method of reducing the total government debt to GDP that can be achieved
without having to pay off any of the outstanding government debts. Increasing economic
growth will reduce the amount of total government debt as a percentage of GDP, reducing the
relative amount of money the government has to pay back from future revenue. The increase
in GDP also boosts future governmental revenue streams making it easier to pay the debt off.

By generating further economic growth it is possible to reduce the relative amount of total
government debt to the overall level of economic output, which is effectively outgrowing the
government debt. Even if the government deficit is not closed if the rate of economic growth
exceeds the rate of government borrowing the amount of total government debt will decrease
in relation to GDP, no debt has to be repaid but a higher rate of economic growth is required.

The government can in effect continue to borrow money, maintaining a deficit, but reduce the
total amount of government debt in relation to GDP, as long as the rate of economic growth is
greater than the deficit. As long as economic growth is higher than the deficit during the same
period of time overall government debt will fall as a percentage of GDP. Attaining economic
growth over prolonged periods of time can dramatically reduce the government debt to GDP.

Pension Fund Easing has the ability to stimulate additional economic growth by increasing
the velocity of transactions during a specific period of time, through the superior placement
of the money invested in pension funds. By increasing economic growth for sustained periods
of time even by small percentages it is possible to reduce government debt to GDP massively.
Even if the government has a deficit if it is exceeded by growth it will reduce debt to GDP.

Although it is possible to reduce the percentage of government debt to GDP while there is
still a government deficit, as long as economic growth is greater than the shortfall, it is best to
get rid of the deficit first to slash the amount of government debt through sustained economic
growth. It might be possible to generate a further 4% of economic growth per year from the
use of 'Pension Fund Easing', that will help to close the deficit and pay off government debt.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2020 Peter James Rhys Morgan.