Empire of Debt: The Rise of An Epic Financial Crisis
Editorial Director of The Daily Reckoning, and Coauthor
December 17, 2005
In no-nonsense prose, Empire of Debt confronts critical concerns about the position of the United States as the world's leading economy and great military might. For many years, the United States has been the country from which others sought advice, money, and a high return on investment. At the same time, Uncle Sam has descended from being the world's largest creditor to its greatest debtor. Why the paradox?
The team that conceived the international bestseller Financial Reckoning Day offers the first in-depth look at how Americans abandoned sound traditions of economic freedom, personal liberty, and fiscal restraint, favoring instead government control of the economy, unfettered deficit spending, gluttonous consumption, and fearless military adventurism, all of which have ravaged the business environment, devastated personal balance sheets, and led the global economy to the brink of financial crisis. The authors argue there will be a dramatic change in the economic power of the United States in the coming years that will inevitably impact every American. Understanding this is critical for everyone, from lawmakers and corporate leaders to investors seeking safe places to invest retirement funds. Despite the serious topic, the authors' irreverent style entertains as they find humor in a precarious financial situation.
Addison Wiggin is the editorial director and Publisher of The Daily Reckoning newsletter. The newsletter now has more than 500,000 readers in the United States and Great Britain and is translated daily into French, German, and Spanish. It has received praise from mainstream publications, including Money magazine. Mr. Wiggin is also the author, with William Bonner of the New York Times Business best-seller Financial Reckoning Day: Surviving The Soft Depression of the 21st Century (Wiley) and a frequent guest on national radio and television programs.
Previous FSN Interviews
The Demise of the Dollar and Why It's Great For Your Investments
October 22, 2005
Financial Reckoning Day
February 26, 2005