P J R M I

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M O R G A N A
To: U.S. Embassy London
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I T ´ S A B O U T B A L A N C E 33 Nine Elms Lane
U London, SW11 7US
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United Kingdom
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To: The U.S. Ambassador of the United Kingdom Her Excellency Yael Lempert.
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N Regarding: High Inflation in America.
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Reference Number: PJR 02 01YL 20052021.

Thursday, 20th May 2021.

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

which the British government uses extensively. I have noticed the rate of inflation has risen in
the United States of America, which can lead to many economic problems. Usually the base
rate of interest increases, which can cause house repossessions and business defaults. Higher
interest rates can also lead to an increase in the cost of return payments for future government
bond issuances, which makes the cost of government borrowing appreciably more expensive.

I developed an alternative inflation control mechanism using pension saving rates, which has
proven very effective in the United Kingdom over the last ten to fifteen years. When the rate
of inflation increased the rate of pension saving was increased to dampen it, which prevented
the need to increase the interest rate. The use of altering the pension saving rate to control the
rate of inflation proved effective and also produced Treasury cost efficiencies due to keeping
the return rate on government debt payments low, which is essential when public debt is high.

I have enclosed two books I have written on the subject for your perusal and to forward to the
appropriate official in the American Treasury. The book Modern Applied Macroeconomics is
a very influential paper, which became a textbook. There is a letter from the former Finance
Minister of the United Kingdom in the book on P139 thanking me for the paper and stating
his intention to use it in the future, which he subsequently did. The evidence of the success of
the technique is on P135 onwards, which includes data and graphs showing economic results.

I have provided a website which contains many economic papers, globally published articles,
letters and a book portfolio that is available for purchase around the world. I can offer further
work and would be willing to develop a new Pension Economic Control body for your nation,
to enable the use of an alternative mechanism to the interest rate to control inflation. I would
be grateful if you would communicate the availability of my work with your government and
forward my offer for the production of a Pension Economic Control body to control inflation.

Kind Regards.

Peter James Rhys Morgan.

Website: morganisteconomics.blogspot.co.uk
Copyright © 2021 Peter James Rhys Morgan.