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In the newly revised second edition of Inflated: Money, Debt, and the American Dream, veteran investment banker, author, and Chairman of Whalen Global Advisors LLC delivers the latest installment of his concise and insightful history of the United States' monetary system. This book puts contemporary financial phenomena--like inflation and high housing costs--into context.

You'll learn how to understand issues like the public debt and the rise of cryptocurrencies through the lens of how the U.S. government exploits debt and the monetary system to fund its operations. You'll also discover how contemporary concepts like Modern Monetary Theory fit into and influence the American economy and the policymakers who drive it.

Inflated tells the story of how and why the U.S. public debt has tripled over the last fifteen years, as well as the necessary consequences of that increase, and the likelihood and potential impacts of another economic correction during the 2020s. It also considers the failure of America's political class to control and manage America's financial affairs.

A fascinating and invaluable book for anyone interested in the monetary and economic realities driving our politics, markets, and societies, this latest edition of Inflated is an eye-opening discussion of the drastic changes that characterize the modern American economy--as well as the even more dramatic transformations that may lie just beyond the horizon.

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