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Books on the Debt of Nations
Posted on 7/9/14 at 1:24 pm
Posted on 7/9/14 at 1:24 pm
Anyone have recommendations on this subject? Possibly looking for an historical account used to illustrate facts on the topic, especially if it is applicable to the USA's current situation.
Posted on 7/9/14 at 2:35 pm to Stingray
Mark Steyn had some good ones. "After America" I think was the one I read recently. It will leave you scared and is a sober picture of how broke we are historically, with lots of economic data behind its conclusions.
Representative Paul Ryan had very good videos on YouTube about our current and historical debt position too. I sent the link to my grandma when she told me the AARP lied to her that Republicans wanted to cut off Medicare. (If Medicare isn't reformed from its current state it won't exist in less than 5 years).
We'll totally collapse around 2021, when 100 percent of government spending is consumed solely by Medicare, Social Security and interest on the debt.
Representative Paul Ryan had very good videos on YouTube about our current and historical debt position too. I sent the link to my grandma when she told me the AARP lied to her that Republicans wanted to cut off Medicare. (If Medicare isn't reformed from its current state it won't exist in less than 5 years).
We'll totally collapse around 2021, when 100 percent of government spending is consumed solely by Medicare, Social Security and interest on the debt.
Posted on 7/9/14 at 2:55 pm to GoIrish02
I am not interested in writers with a political bias.
I want a book to teach me what the debt of nations means and how to analyze the current situation.
Is One Nation under Debt: Hamilton, Jefferson, and the History of What We Owe any good?
I want a book to teach me what the debt of nations means and how to analyze the current situation.
Is One Nation under Debt: Hamilton, Jefferson, and the History of What We Owe any good?
Posted on 7/9/14 at 8:36 pm to Stingray
Steyn is what you want, more than Ryan.
I'm not familiar with the book you mentioned but will check it out.
I'm not familiar with the book you mentioned but will check it out.
Posted on 7/10/14 at 10:12 am to GoIrish02
quote:
Steyn is what you want, more than Ryan. I'm not familiar with the book you mentioned but will check it out.
After reading his reviews I am not so sure. It seems that it divides left and right pretty hard. Again I am not interested in that. I know where I stand on these welfare state issues, and I am not the sheep in the choir that shows up for every money and vote driven preaching act. Thanks for your help but I am unconvinced that After America is what I am looking for. I want hard hitting numbers, statistics, analysis backed up by examples from history. It's okay if it reads like a textbook.
This post was edited on 7/10/14 at 10:14 am
Posted on 7/10/14 at 11:29 am to Stingray
Why Nations Fail
The Ascent of Money
The Cash Nexus
A little broader but interesting.
The Ascent of Money
The Cash Nexus
A little broader but interesting.
Posted on 7/10/14 at 12:00 pm to blowmeauburn
quote:
Why Nations Fail
It's amazon synopsis doesn't even mention the word debt
quote:
The Cash Nexus
Looks to be a loosely written book full of less the well supported claims. Amazon reviews are poor.
quote:
The Ascent of Money
Looks like the best book I have seen yet. While it might not be comprehensive for my goals, it will set a nice base for further reading. Thank you.
Posted on 7/25/14 at 2:16 pm to blowmeauburn
quote:
blowmeauburn
I read The Ascent of Money and it was very good. I gave me a good financial base and did so in an interesting way - by telling the history of finance. Thanks again.
My next books will be Investopedia's 10 Books Every Investor Should Read.
My original primary objective of understanding the debt of nations will have to wait.
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