Empire of Debt: The Rise of An Epic Financial Crisis
Addison Wiggin
Editorial Director of The Daily Reckoning, and Coauthor
December 17, 2005
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In no-nonsense prose, Empire of Debt confronts critical concerns
about the position of the United States as the world's leading economy
and great military might. For many years, the United States has been the
country from which others sought advice, money, and a high return on
investment. At the same time, Uncle Sam has descended from being the
world's largest creditor to its greatest debtor. Why the paradox?
The team that conceived the international bestseller Financial Reckoning
Day offers the first in-depth look at how Americans abandoned sound
traditions of economic freedom, personal liberty, and fiscal restraint,
favoring instead government control of the economy, unfettered deficit
spending, gluttonous consumption, and fearless military adventurism, all
of which have ravaged the business environment, 
devastated personal
balance sheets, and led the global economy to the brink of financial
crisis. The authors argue there will be a dramatic change in the
economic power of the United States in the coming years that will
inevitably impact every 
American. Understanding this is critical for
everyone, from lawmakers and corporate leaders to investors seeking safe
places to invest retirement funds. Despite the serious topic, the
authors' irreverent style entertains as they find humor in a precarious
financial situation.
Addison Wiggin is the editorial director and Publisher of The Daily Reckoning newsletter. The newsletter now has more than 500,000 readers in the United States and Great Britain and is translated daily into French, German, and Spanish. It has received praise from mainstream publications, including Money magazine. Mr. Wiggin is also the author, with William Bonner of the New York Times Business best-seller Financial Reckoning Day: Surviving The Soft Depression of the 21st Century (Wiley) and a frequent guest on national radio and television programs.
Previous FSN Interviews
The Demise of the Dollar and Why It's Great For Your Investments
October 22, 2005
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Financial Reckoning Day
February 26, 2005
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