This paints a scary picture of the future of the US economy and of many other world economies, particularly of the EU. The book talks about the monetary systems of many countries, before problems, after problems, and current states. From what I understand of the book the US economy is on the edge, due to too much debt being taken on by the public sector. The public sector debt then makes private sector investment more difficult. Private sector startups are then the source of net jobs in major economies. I think that the worst things they talk about in the book won’t happen to the US primarily because we are more likely to inflate away our debt, without hyperinflation, than any of the other scenarios that are presented in the book.
Leave a comment