The coming calamity

the long version

"Is America's economic crisis only beginning? Unemployment rate remains high. The national debt climbs. The trade imbalance continues. The baby boomers are about to retire. We are reliving the mistakes of the Great Depression. The dollar is teetering. Bad policies will lead to shortages and famine. Inflation is steady now but poised to go hyper. Latter-day prophecy tells of societal disintegration and divisions. Divorce is epidemic and nearly half of all children are born out of wedlock. The Coming Calamity explains the role of economics in a just society, and debunks many fallacies : e.g., that money equals wealth, that bailouts are necessary, that utopia is desirable, and that governments can spend better than individuals"--Cover.