The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble
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The Golden Age of American capitalism is over...In the space of half a century it passed from gold, to silver, to paper, and is now somewhere between plastic and navel lint." -From The New Empire of Debt In the last half of 2008, the Empire of Debt received the margin call from Hell. Now, all of its citizens are asked to pay up as the U.S. economy stumbles down a dangerous path of financial turmoil. What exactly went wrong?
When things are good, people tend to believe the most outrageou…



