Inflated: How Money and Debt Built the American Dream
Americans as a whole view themselves as reasonably prudent and sober people when it comes to matters of money, reflecting the puritan roots of the earliest European settlers. Yet as a community, we also seem to believe that we are entitled to a lifestyle that is well-beyond our current income, a tendency that goes back to the earliest days of the United States and particularly to get rich quick experiences ranging from the Gold Rush of the 1840s to the real estate bubble of the early 21st Century.
Inflated examines this apparent conflict and makes the argument that such a world view is so ingrained in us that to expect the United States to live in a “deflated” world is simply unrealistic. It skillfully seeks to tell the story of, money inflation and public debt as enduring (and perhaps endearing) features of American life, rather than something we can one day overcome as our policy makers constantly promise.
• Features interviews with today’s top financial industry leaders and insiders.
• Offer a glimpse into the future of the Federal Reserve and the role it will play in the coming years
• Examines what the future may hold for the value of the U.S. dollar and the real incomes of future generations of Americans
The gradual result of the situation we find ourselves in will inevitably lead to inflation, loss of economic opportunity, and a decline in the value of the dollar. This book will show you why, and reveal how we might be able to deal with it.
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LibraryThing ReviewUser Review - Miro - LibraryThing
This is yet another recent and excellent book about politics and finance, in this case focusing on the American economy since the Civil War. Whalen shows in a detailed way how the the role of the ... Read full review
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Allies American dream Anna Schwartz bankers began bonds Bryan Carter Carter Glass central bank century Chairman Clarence Barron Congress Coolidge crisis currency decades deficits Democratic Depression dollar economic election Europe fact FDR’s Fed’s Federal Reserve Act Federal Reserve Bank Federal Reserve System financial markets financial system fiscal Ford foreign global gold standard Gould government’s governor greenbacks growth Hoover House of Morgan increase industry inflation interest rates investment issue J.P. Morgan legislation liquidity loans McFadden Act million monetary Money Trusts national banks National Monetary Commission Nixon Panic paper money Party Paul Volcker percent period political President purchases Reagan Republican Second Bank sector Senate silver speculative spending tariffs taxes Teddy Roosevelt tion trade U.S. banks U.S. economy U.S. government U.S. Steel United Volcker Wall Street Washington White House Wilson WWII York banks