Debt And Delusion: Central Bank Follies That Threaten Economic Disaster - Softcover

Warburton, Peter

Softcover

ISBN 10: 0140277528 ISBN 13: 9780140277524

Publisher: Penguin, 2000

Synopsis

"I recommend that it [Debt & Delusion] should be read partly because of my feeling that I may not be alone in my need of a tutorial on the bond markets. But I also recommend it because of the author's courage in daring to write it" Robert Oakeshott in The Spectator There is an unexploded bomb in the global financial system, created by dereliction of duty by the world's largest central banks, which have helped to create an unsustainable illusion of personal wealth and national prosperity, exposing the public to uninsurable risks in the process. Warburton looks at how this economic timebomb has been created by unchecked credit expansion, and the potential havoc it could wreak in global economies and our personal finances.

About this title

Synopsis:

There is an unexploded bomb in the global financial system, threatening to bring the greatest disruption to the lives of people since the Depression on the 1930s. This potential explosion has been created by dereliction of duty by the world's largest central banks, which have helped to create an unsustainable illusion of personal wealth and national prosperity, exposing the public to uninsurable risks in the process. This volume looks at how this economic timebomb has been created by unchecked credit expansion and the potential havoc it could wreak.

About the Author:

Peter Warburton is one of the UK's most respected financial commentators and a past winner of economic forecasting awards. He is currently economic adviser to Robert Flemings Securities, and a member of the IEA's Shadow Monetary Policy Committee, which monitors the decisions taken on UK interest rates by the official Monetary Policy Committee.

About this edition

• Publisher: Penguin
• Publication date: 2000
• ISBN 10: 0140277528
• ISBN 13: 9780140277524
• Binding: Paperback
• Number of pages: 352