Debt and Delusion
Debt and Delusion is a detailed and authoritative analysis questioning the authenticity of the economic and financial achievements of the West since the mid-1980s. It scrutinizes the money, debt, equity and derivative markets, exposing powerful and complex delusions at the heart of the financial system. The uncompromising conclusion to this remarkable book is that a confrontation with economic reality is unavoidable. Ultimately, Debt and Delusion looks at how this economic timebomb has been created by unchecked credit expansion and the potential havoc it could wreak.
"... a classic 'Financial Reality Bites' read of the highest order."
— John Mackenzie, Safehaven.com
"A great book...about this present generation's massive debt...[and] about how Western Civilization has become too dependent on debt."
— David N. Vaughn, Gold Letter, Inc.
"An undeservedly obscure work of financial economics, Peter Warburton's Debt and Delusion... has become a cult classic among financial contrarians."
— Robert Blumen, Mises.org Daily Articles
"What happens if there's an end to this booming economy? That question is clearly answered [in Warburton's] Debt and Delusion."
— J. Tim Thompson, The Trumpet