| New Book: Bill Bonner, Addison Wiggin, and Empire of Debt |
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| Thursday, 13 April 2006 |
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Today's book is Empire of Debt, by Bill Bonner and Addison Wiggin, the team behind the enormously popular contrarian financial newsletter, The Daily Reckoning. The authors predict a dramatic economic crisis for the U.S. when the country's over-stimulated economy gets the hangover from so much debt-fueled consumption. We do not have a video for this book. Rather, we are offering an excerpt called "An Absurd Balance" that administers an upbraiding to both liberals and conservatives for their ridiculous overstatements of U.S. economic prowess. "Every business day puts America $2 billion further beholden to its mostly-Asian creditors," say Bonner & Wiggins. The excerpt is a classic reckoning. |
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| Last Updated ( Thursday, 13 March 2008 ) |
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