Garet Garrett A Bubble That Broke the World

ISBN 13: 9780870341212

A Bubble That Broke the World

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9780870341212: A Bubble That Broke the World

This book, originally published in 1932, presents a cosmology of a mass delusion which affects the mentality of the world. This takes place following World War I where the Federal Reserve System, for the first time, allowed flexible currency.

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From the Back Cover:

The names of the players are different, but these cautionary essays about massive national debt--written in the long wake of World War I and as the Great Depression was starting to make its horrible power fully known--are still fully applicable today.

A powerful libertarian voice of the early 20th century, Garet Garrett, writing originally in the Saturday Evening Post, warned about the extension of American credit to a Europe staggering under a massive debt leftover from the financing of World War I... a situation echoed, if reversed, today as the overextended United States continues her rampant borrowing.

Collected in book form, Garrett's writings are a cry for a retreat from financial insanity, a clear-eyed look at a complicated and little understood era of financial history, and perhaps an ominous warning for today.

About the Author:

GARET GARRETT is the pseudonym of Edward Peter Garrett, a well-known financial writer and editor who worked for the Wall Street Journal, the New York Times, and the Saturday Evening Post, among other publications. Known for his witty and insightful writing on financial issues, Garrett was the author of 18 books, of which Where the Money Grows is considered the most popular and successful.

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Garet Garrett
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