The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble
"How deficit spending, gluttonous consumption and military adventurism, they say, will bring America to its knees…"—The Economist"This is a powerful book. In addition to its depth, it is well written, well documented, and vastly readable. I had the feeling of seeing an X-ray of economic reality with the crust removed. It should be made mandatory reading in most circles. Read it, and your views of the world around you will no longer be the same."—Nassim Nicholas Taleb, author of The Black Swan and Fooled by Randomness"Now perhaps someone will finally listen!"—Jim Rogers, author of Investment Biker, Adventure Capitalist, and Hot Commodities"Instead of trade and work, imperialism breeds militarism, inflation, and debt, as Bonner and Wiggin show. Yet there is a golden hope in freedom and honest money."—Llewellyn H. Rockwell Jr., President, Ludwig von Mises Institute"[Empire of Debt] is a fantastic book. It's thoughtful, erudite, witty, well written, practical . . . and spot-on. If you value your financial health, you'll read it from cover to cover. Now!"—Doug Casey, Chairman, Casey Research, LLC, and author of Crisis Investing"I laughed, I cried, I renewed my passport. . . . Bonner and Wiggin deliver a steady diet of insight and wit that terrifies the reader, even as it amuses. Empire of Debt is not for everyone, only for those of us who hope to enjoy continuing prosperity amidst difficult conditions."—Eric Fry, Editor, The Rude Awakening