Publisher's Synopsis
Discover where America's monetary system is heading-and how it will impact you-in the years to come
In the newly revised second edition of Inflated: How Money & Debt Built the American Dream, veteran investment banker, author, and Chairman of Whalen Global Advisors LLC delivers the latest installment of his concise history of the United States' monetary system, putting contemporary financial phenomena like inflation and high housing costs into context. You'll learn to understand how issues like the public debt and the rise of cryptocurrencies can be understood through the lens of how the United States government exploits debt and the monetary system to fund its operations.
The author explains:
- How contemporary concepts like Modern Monetary Theory fit into and influence the American economy
- How and why the United States' debt has tripled in the last fifteen years and the necessary consequences of that increase
- The likelihood and potential impacts of another economic correction during the 2020s
An engrossing and essential read for anyone interested in the economic and monetary realities driving our markets, politics, and societies, the second edition of Inflated is an eye-opening discussion of the drastic changes unfolding in the American economy and the even more dramatic transformations that lie just beyond the horizon.
