The author, a thorough-going Austrian, explains that today's economy and capital markets are facing the long-term buildup of public and private credit, and how—as we incur more debt through greater government spending, and take on higher taxes—our leaders fail to find few realistic solutions to this situation. Divided into six comprehensive parts, Endless Money offers an honest assessment of where we're heading and why we cannot continue down this road.
The book highlights how the combination of a centrally managed fiat currency system and a tax code that confiscates earned income, rather than mildly taxing changes in wealth, could produce a knockout punch to entrepreneurship and our society.
It looks back at how today's conditions relate not only to the Great Depression, but also to the evolution of the Roman Republic
It calls for radical changes such as reduced regulatory power of the Federal Reserve, a considerable devaluation of the dollar in terms of gold, and repeal of income tax.
It addresses the disturbing fact that individual character has given way to the state's taking over responsibility for indiscretions—financial or otherwise
417 pages, Hardcover, 2009, ISBN: 978-0-470-47615-4