Inflated: How Money and Debt Built the American Dream (Google eBook)
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.
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
Review: Inflated: How Money and Debt Built the American DreamUser Review - Void lon iXaarii - Goodreads
I nice headline view walk through through recent American history. I found it a bit confused/losing a main thread at times, but generally the narrative is interesting and entertaining, and you can tell the author did his research well and thus always presents interesting details. Read full review
State Debt Defaults
The Age ofAndrewJackson
The Gold Rush
Robber Barons and the Gilded Age
The Rise of the Central Bank
War Boom and Bust
New Deal to Cold War